Argo Blockchain (LON:ARB) Trading Down 23.8% – Time to Sell?

Argo Blockchain plc (LON:ARBGet Free Report) shares fell 23.8% during trading on Friday . The stock traded as low as GBX 0.60 and last traded at GBX 0.80. 6,847,154 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 4,240,353 shares. The stock had previously closed at GBX 1.05.

Argo Blockchain Stock Down 23.8%

The company has a quick ratio of 0.19, a current ratio of 0.74 and a debt-to-equity ratio of -78.27. The company has a market cap of £5.77 million, a P/E ratio of -0.27 and a beta of 3.39. The company has a fifty day moving average of GBX 0.80 and a 200 day moving average of GBX 0.87.

About Argo Blockchain

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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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