Argo Blockchain plc (ARB.L) (LON:ARB) Shares Gap Up to $95.00

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Argo Blockchain plc (ARB.L) (LON:ARB) shares gapped up before the market opened on Tuesday . The stock had previously closed at $95.00, but opened at $112.50. Argo Blockchain plc (ARB.L) shares last traded at $98.00, with a volume of 16,641,988 shares traded.

The firm has a market capitalization of £365.30 million and a price-to-earnings ratio of -255.00. The stock’s fifty day moving average is GBX 31.74 and its two-hundred day moving average is GBX 12.33. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 1.38.

In related news, insider Peter Wall sold 1,400,000 shares of the business’s stock in a transaction on Wednesday, December 30th. The shares were sold at an average price of GBX 29 ($0.38), for a total transaction of £406,000 ($530,441.60).

About Argo Blockchain plc (ARB.L) (LON:ARB)

Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc, engages in the crypto asset mining services worldwide. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. The company was founded in 2017 and is headquartered in London, the United Kingdom.

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