Free Trial

Argo Blockchain (LON:ARB) Trading 8% Higher - Here's Why

Argo Blockchain logo with Financial Services background

Argo Blockchain plc (LON:ARB - Get Free Report) was up 8% during trading on Friday . The stock traded as high as GBX 9 ($0.11) and last traded at GBX 8.23 ($0.10). Approximately 1,989,015 shares were traded during trading, a decline of 55% from the average daily volume of 4,463,963 shares. The stock had previously closed at GBX 7.62 ($0.10).

Argo Blockchain Stock Performance

The stock has a market capitalization of £51.54 million, a price-to-earnings ratio of -115.71 and a beta of 3.39. The company has a 50 day simple moving average of GBX 8.96 and a 200-day simple moving average of GBX 9.62. The company has a quick ratio of 0.19, a current ratio of 0.43 and a debt-to-equity ratio of 669.76.

About Argo Blockchain

(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.

See Also

→ The #1 Coin for November 2024 (From Crypto 101 Media) (Ad)

Should you invest $1,000 in Argo Blockchain right now?

Before you consider Argo Blockchain, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Argo Blockchain wasn't on the list.

While Argo Blockchain currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines