Argo Blockchain (LON:ARB) Shares Down 23.8% – Time to Sell?

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

Argo Blockchain Stock Down 23.8%

The firm’s fifty day moving average is GBX 0.80 and its 200-day moving average is GBX 1.60. The company has a market capitalization of £5.77 million, a P/E ratio of -0.27 and a beta of 3.39. The company has a debt-to-equity ratio of -78.27, a quick ratio of 0.19 and a current ratio of 0.74.

About Argo Blockchain

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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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