Argo Blockchain (LON:ARB) Shares Down 4.2% – Time to Sell?

Argo Blockchain plc (LON:ARB) dropped 4.2% on Saturday . The stock traded as low as GBX 3.13 ($0.04) and last traded at GBX 3.71 ($0.05). Approximately 4,601,572 shares changed hands during trading, an increase of 119% from the average daily volume of 2,099,775 shares. The stock had previously closed at GBX 3.88 ($0.05).

Argo Blockchain Price Performance

The business has a 50-day moving average of GBX 4.28 and a two-hundred day moving average of GBX 7.09. The company has a current ratio of 0.52, a quick ratio of 0.19 and a debt-to-equity ratio of -201.53. The firm has a market cap of £32.75 million, a P/E ratio of -0.45 and a beta of 3.39.

Argo Blockchain Company Profile

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.