Argo Blockchain (LON:ARB) Hits New 52-Week Low – Here’s Why

Shares of Argo Blockchain plc (LON:ARBGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2.75 ($0.04) and last traded at GBX 2.75 ($0.04), with a volume of 5242642 shares. The stock had previously closed at GBX 3.25 ($0.04).

Argo Blockchain Stock Performance

The business has a 50-day moving average of GBX 3.90 and a 200 day moving average of GBX 6.49. The company has a debt-to-equity ratio of -201.53, a current ratio of 0.52 and a quick ratio of 0.19. The company has a market cap of £24.25 million, a PE ratio of -0.34 and a beta of 3.39.

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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