Argo Blockchain (LON:ARB) Shares Down 1.9%

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Argo Blockchain PLC (LON:ARB) fell 1.9% during mid-day trading on Friday . The company traded as low as GBX 4.83 ($0.06) and last traded at GBX 5.10 ($0.07). 1,337,165 shares were traded during mid-day trading, a decline of 67% from the average session volume of 4,070,642 shares. The stock had previously closed at GBX 5.20 ($0.07).

The stock’s 50-day simple moving average is GBX 6.07 and its 200-day simple moving average is GBX 4.72. The stock has a market cap of $14.98 million and a price-to-earnings ratio of -12.75. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38.

Argo Blockchain Company Profile (LON:ARB)

Argo Blockchain PLC, through its subsidiary, Argo Blockchain Canada Holdings Inc, intends to operate a Mining as a Service business that primarily focuses on the cryptocurrency market in the United Kingdom. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain PLC in December 2017.

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