Argo Blockchain (LON:ARB) Shares Down 23.8% – Here’s Why

Argo Blockchain plc (LON:ARBGet Free Report) shares were down 23.8% during mid-day trading on Thursday . The stock traded as low as GBX 0.60 and last traded at GBX 0.80. Approximately 6,847,154 shares traded hands during trading, an increase of 61% from the average daily volume of 4,240,353 shares. The stock had previously closed at GBX 1.05.

Argo Blockchain Trading Down 23.8%

The stock has a market cap of £5.77 million, a P/E ratio of -0.27 and a beta of 3.39. The firm’s 50 day simple moving average is GBX 1.02 and its two-hundred day simple moving average is GBX 1.97. The company has a quick ratio of 0.19, a current ratio of 0.52 and a debt-to-equity ratio of -201.53.

Argo Blockchain Company Profile

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We are a multi-talented, dynamic team of mining and blockchain network experts, technologists, entrepreneurs, and engineers from all walks of life. Our mission is centred on running green & efficient mining infrastructure that supports the continued growth, innovation, and function of the world’s top blockchain networks.

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