Argo Blockchain (LON:ARB) Shares Up 14.4% – Here’s What Happened

Argo Blockchain plc (LON:ARBGet Free Report)’s share price was up 14.4% during mid-day trading on Monday . The company traded as high as GBX 5.15 ($0.07) and last traded at GBX 5.15 ($0.07). Approximately 3,574,348 shares traded hands during trading, a decline of 28% from the average daily volume of 4,977,577 shares. The stock had previously closed at GBX 4.50 ($0.06).

Argo Blockchain Stock Performance

The company has a debt-to-equity ratio of 669.76, a current ratio of 0.43 and a quick ratio of 0.19. The firm has a market capitalization of £35.00 million, a PE ratio of -75.71 and a beta of 3.39. The firm has a fifty day moving average price of GBX 8.42 and a 200 day moving average price of GBX 9.32.

Argo Blockchain Company Profile

(Get Free Report)

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.

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