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Argo Blockchain (LON:ARB) Hits New 52-Week Low - Time to Sell?

Argo Blockchain logo with Financial Services background

Argo Blockchain plc (LON:ARB - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 4.88 ($0.07) and last traded at GBX 8.95 ($0.12), with a volume of 3329917 shares traded. The stock had previously closed at GBX 8.60 ($0.12).

Argo Blockchain Stock Up 4.1 %

The firm has a market cap of £56.95 million, a P/E ratio of -123.14 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. The firm has a fifty day moving average of GBX 9.69 and a 200-day moving average of GBX 10.49.

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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