Argo Group Limited (LON:ARGO – Get Free Report) shares dropped 38% during mid-day trading on Tuesday . The stock traded as low as GBX 3.10 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 294,319 shares traded hands during mid-day trading, an increase of 866% from the average daily volume of 30,476 shares. The stock had previously closed at GBX 5 ($0.06).
Argo Group Stock Performance
The firm’s 50 day moving average is GBX 4.49 and its 200-day moving average is GBX 4.48. The stock has a market capitalization of £1.21 million, a price-to-earnings ratio of -12.40 and a beta of 0.50.
About Argo Group
Argo Group Limited, through its subsidiaries, engages in the investment management business. It invests in sovereign and corporate fixed income securities, distressed debt, and real estate. The company was founded in 2000 and is based in London, the United Kingdom. Argo Group Limited is a subsidiary of Lynchwood Nominees Limited.
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