Argo Blockchain (LON:ARB) Hits New 12-Month Low – Should You Sell?

Argo Blockchain plc (LON:ARBGet Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.55 ($0.07), with a volume of 76995828 shares. The stock had previously closed at GBX 6.25 ($0.08).

Argo Blockchain Price Performance

The firm has a market capitalization of £35.32 million, a P/E ratio of -89.29 and a beta of 3.39. The company has a quick ratio of 0.19, a current ratio of 0.43 and a debt-to-equity ratio of 669.76. The stock has a fifty day moving average of GBX 8.91 and a 200-day moving average of GBX 9.59.

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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