Argo Blockchain (LON:ARB) Trading Down 5.2% – Here’s Why

Argo Blockchain plc (LON:ARBGet Free Report) shares were down 5.2% during trading on Friday . The stock traded as low as GBX 3.13 ($0.04) and last traded at GBX 3.68 ($0.05). Approximately 4,175,329 shares were traded during trading, an increase of 100% from the average daily volume of 2,088,985 shares. The stock had previously closed at GBX 3.88 ($0.05).

Argo Blockchain Price Performance

The company has a quick ratio of 0.19, a current ratio of 0.52 and a debt-to-equity ratio of -201.53. The stock has a market capitalization of £32.75 million, a PE ratio of -0.45 and a beta of 3.39. The company has a 50-day moving average of GBX 4.28 and a 200 day moving average of GBX 7.09.

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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