Argo Blockchain (LON:ARB) Trading Up 8% - Should You Buy?

Argo Blockchain plc (LON:ARB - Get Free Report) shares were up 8% during mid-day trading on Friday . The stock traded as high as GBX 9 ($0.11) and last traded at GBX 8.23 ($0.10). Approximately 1,989,015 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 4,463,963 shares. The stock had previously closed at GBX 7.62 ($0.10).Get Argo Blockchain alerts:Argo Blockchain Stock Up 8.1 %The company has a market capitalization of £52.40 million, a price-to-earnings ratio of -108.86 and a beta of 3.39. The company has a current ratio of 0.43, a quick ratio of 0.19 and a debt-to-equity ratio of 669.76. The firm's 50 day simple moving average is GBX 8.98 and its 200-day simple moving average is GBX 9.65. About Argo Blockchain (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.See AlsoFive stocks we like better than Argo BlockchainIndustrial Products Stocks Investing The Latest 13F Filings Are In: See Where Big Money Is FlowingEarnings Per Share Calculator: How to Calculate EPS3 Penny Stocks Ready to Break Out in 2025How to Use the MarketBeat Stock Screener FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ LAST CHANCE: 95% off sale ends soon (From Behind the Markets) (Ad)Should you invest $1,000 in Argo Blockchain right now?Before you consider Argo Blockchain, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Argo Blockchain wasn't on the list.While Argo Blockchain currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here