Keel Infrastructure (NASDAQ:KEEL) Shares Up 10.1% – Here’s Why

Keel Infrastructure (NASDAQ:KEEL)’s share price shot up 10.1% during trading on Thursday . The company traded as high as $4.57 and last traded at $4.6590. 23,863,226 shares were traded during mid-day trading, a decline of 32% from the average session volume of 35,203,473 shares. The stock had previously closed at $4.23.

Analyst Ratings Changes

A number of brokerages recently commented on KEEL. Weiss Ratings began coverage on Keel Infrastructure in a report on Wednesday, April 15th. They issued a “sell (d-)” rating on the stock. Chardan Capital reaffirmed a “buy” rating and issued a $4.50 target price on shares of Keel Infrastructure in a report on Monday, May 11th. Cantor Fitzgerald decreased their target price on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, May 11th. Finally, HC Wainwright raised their target price on Keel Infrastructure from $3.70 to $5.50 and gave the stock a “buy” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.63.

Keel Infrastructure Stock Up 3.7%

The company has a quick ratio of 9.43, a current ratio of 9.60 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.90 billion, a P/E ratio of -34.36 and a beta of 3.89.

Keel Infrastructure Company Profile

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.