XTX Topco Ltd Buys 35,118 Shares of Argo Blockchain plc (NASDAQ:ARBK)

XTX Topco Ltd raised its stake in shares of Argo Blockchain plc (NASDAQ:ARBK) by 144.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,426 shares of the company’s stock after purchasing an additional 35,118 shares during the period. XTX Topco Ltd owned 0.09% of Argo Blockchain worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Jane Street Group LLC raised its holdings in Argo Blockchain by 488.7% during the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company’s stock valued at $1,181,000 after buying an additional 810,559 shares during the period. Institutional investors own 2.42% of the company’s stock.

Argo Blockchain Stock Up 3.8 %

Shares of NASDAQ ARBK opened at $0.63 on Friday. Argo Blockchain plc has a 1 year low of $0.58 and a 1 year high of $4.45. The firm has a 50-day simple moving average of $1.05 and a two-hundred day simple moving average of $1.19. The company has a market cap of $40.03 million, a P/E ratio of -0.87 and a beta of 1.81. The company has a debt-to-equity ratio of 5.06, a current ratio of 0.52 and a quick ratio of 0.52.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Argo Blockchain in a research note on Thursday, November 21st.

Argo Blockchain Profile

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.