Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 9.1% – Time to Buy?

Shares of Keel Infrastructure (NASDAQ:KEEL) shot up 9.1% during mid-day trading on Wednesday . The company traded as high as $3.10 and last traded at $3.0550. 8,042,135 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 34,894,480 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings started coverage on shares of Keel Infrastructure in a research note on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald lowered their price objective on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Keel Infrastructure currently has an average rating of “Hold” and a consensus target price of $3.00.

Keel Infrastructure Stock Up 8.8%

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -13.20 and a beta of 3.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.52 and a current ratio of 5.58.

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.