Argo Blockchain (LON:ARB) Shares Down 8% – Should You Sell?

Argo Blockchain plc (LON:ARBGet Free Report)’s share price traded down 8% on Tuesday . The company traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.83 ($0.06). 4,780,893 shares were traded during trading, an increase of 68% from the average session volume of 2,843,959 shares. The stock had previously closed at GBX 5.25 ($0.06).

Argo Blockchain Stock Performance

The stock has a market capitalization of £30.91 million, a price-to-earnings ratio of -69.40 and a beta of 3.39. The company has a debt-to-equity ratio of 669.76, a quick ratio of 0.19 and a current ratio of 0.43. The stock has a fifty day simple moving average of GBX 6.86 and a two-hundred day simple moving average of GBX 8.58.

Argo Blockchain Company Profile

(Get Free Report)

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.

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