Argo Blockchain (LON:ARB) Reaches New 1-Year Low – Should You Sell?

Argo Blockchain plc (LON:ARBGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 7.50 ($0.10) and last traded at GBX 8.60 ($0.11), with a volume of 12614701 shares traded. The stock had previously closed at GBX 10.10 ($0.13).

Argo Blockchain Price Performance

The stock’s 50 day moving average is GBX 9.21 and its two-hundred day moving average is GBX 9.97. The company has a debt-to-equity ratio of 669.76, a current ratio of 0.43 and a quick ratio of 0.19. The stock has a market capitalization of £54.73 million, a PE ratio of -138.09 and a beta of 3.39.

Argo Blockchain Company Profile

(Get Free Report)

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.

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