Argo Blockchain (LON:ARB) Stock Price Down 1.2%
Argo Blockchain PLC (LON:ARB) shares traded down 1.2% during mid-day trading on Monday . The company traded as low as GBX 7.70 ($0.10) and last traded at GBX 8 ($0.10), 1,778,832 shares changed hands during trading. The stock had previously closed at GBX 8.10 ($0.11).
The stock has a 50-day moving average of GBX 7.61. The firm has a market capitalization of $23.32 million and a P/E ratio of -3.97.
In other news, insider Mike Edwards acquired 250,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were bought at an average price of GBX 7 ($0.09) per share, with a total value of £17,500 ($22,866.85).
Argo Blockchain PLC, through its subsidiary, Argo Blockchain Canada Holdings Inc, intends to operate a Mining as a Service business that primarily focuses on the cryptocurrency market in the United Kingdom. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain PLC in December 2017.
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