Argo Blockchain (LON:ARB) Trading Down 23.8% – Here’s Why

Argo Blockchain plc (LON:ARB) shares were down 23.8% during trading on Wednesday . The stock traded as low as GBX 0.60 and last traded at GBX 0.80. Approximately 6,847,154 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 4,240,353 shares. The stock had previously closed at GBX 1.05.

Argo Blockchain Stock Performance

The company has a debt-to-equity ratio of -78.27, a current ratio of 0.74 and a quick ratio of 0.19. The firm has a fifty day simple moving average of GBX 0.80 and a 200 day simple moving average of GBX 1.37. The company has a market capitalization of £5.77 million, a price-to-earnings ratio of -0.27 and a beta of 3.39.

Argo Blockchain Company Profile

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.