Argo Blockchain (LON:ARB) Shares Down 10.6% – Should You Sell?

Argo Blockchain plc (LON:ARBGet Free Report) dropped 10.6% on Wednesday . The company traded as low as GBX 3.50 ($0.04) and last traded at GBX 3.80 ($0.05). Approximately 5,461,946 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 2,586,060 shares. The stock had previously closed at GBX 4.25 ($0.05).

Argo Blockchain Stock Down 4.0 %

The company has a 50-day simple moving average of GBX 5.58 and a two-hundred day simple moving average of GBX 8.19. The stock has a market cap of £22.91 million, a P/E ratio of -51.43 and a beta of 3.39. The company has a quick ratio of 0.19, a current ratio of 0.43 and a debt-to-equity ratio of 669.76.

Argo Blockchain Company Profile

(Get Free Report)

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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