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Argo Blockchain (LON:ARB) Trading 11.9% Higher - What's Next?

Argo Blockchain logo with Financial Services background

Argo Blockchain plc (LON:ARB - Get Free Report)'s share price traded up 11.9% during trading on Tuesday . The stock traded as high as GBX 10.50 ($0.14) and last traded at GBX 10.07 ($0.13). 1,271,882 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 4,166,833 shares. The stock had previously closed at GBX 9 ($0.12).

Argo Blockchain Stock Up 22.2 %

The firm has a 50-day moving average price of GBX 9.24 and a 200 day moving average price of GBX 10.06. 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 company has a market cap of £70.00 million, a price-to-earnings ratio of -147.61 and a beta of 3.39.

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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