Argo Blockchain (LON:ARB) Reaches New 52-Week Low – Here’s What Happened

Argo Blockchain plc (LON:ARBGet Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 7 ($0.09) and last traded at GBX 7.60 ($0.10), with a volume of 3689068 shares trading hands. The stock had previously closed at GBX 7.90 ($0.10).

Argo Blockchain Price Performance

The stock has a fifty day moving average of GBX 9.06 and a two-hundred day moving average of GBX 9.69. The stock has a market cap of £48.36 million, a price-to-earnings ratio of -108.57 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.

Argo Blockchain Company Profile

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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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