Keel Infrastructure (NASDAQ:KEEL) Stock Price Up 12.9% – Here’s Why

Shares of Keel Infrastructure (NASDAQ:KEEL) rose 12.9% on Wednesday . The company traded as high as $3.95 and last traded at $3.9850. Approximately 26,221,972 shares traded hands during trading, a decline of 24% from the average daily volume of 34,601,145 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

KEEL has been the subject of a number of recent analyst reports. Cantor Fitzgerald reduced their target price on Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Chardan Capital initiated coverage on Keel Infrastructure in a report on Monday, April 27th. They set a “buy” rating and a $4.50 target price for the company. Finally, Weiss Ratings initiated coverage on Keel Infrastructure in a report on Wednesday, April 15th. They set a “sell (d-)” rating for the company. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keel Infrastructure has an average rating of “Hold” and a consensus target price of $3.75.

Keel Infrastructure Price Performance

The company has a quick ratio of 5.52, a current ratio of 5.58 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -17.91 and a beta of 3.89.

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.