Argo Blockchain (LON:ARB) Stock Price Down 23.8% – Here’s What Happened

Shares of Argo Blockchain plc (LON:ARB) were down 23.8% on Tuesday . The company traded as low as GBX 0.60 and last traded at GBX 0.80. Approximately 6,847,154 shares changed hands during 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 Down 23.8%

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 stock has a 50 day simple moving average of GBX 0.80 and a 200-day simple moving average of GBX 1.50. The firm has a market cap of £5.77 million, a PE 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.