Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 9.9% – Here’s What Happened

Shares of Keel Infrastructure (NASDAQ:KEEL) rose 9.9% during mid-day trading on Monday . The company traded as high as $5.58 and last traded at $5.6380. Approximately 23,564,038 shares changed hands during trading, a decline of 36% from the average daily volume of 36,787,023 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

KEEL has been the subject of a number of research analyst reports. Cantor Fitzgerald cut their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Alliance Global Partners reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Chardan Capital reiterated a “buy” rating and issued a $5.50 target price on shares of Keel Infrastructure in a research report on Monday. Weiss Ratings assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, April 15th. They issued a “sell (d-)” rating for the company. Finally, HC Wainwright raised their price target on shares of Keel Infrastructure from $3.70 to $5.50 and gave the company 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 a consensus rating of “Moderate Buy” and a consensus target price of $4.88.

Keel Infrastructure Stock Up 8.9%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.43 and a current ratio of 9.60. The company has a market cap of $3.37 billion, a PE ratio of -40.18 and a beta of 4.11.

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.