Argo Blockchain (ARB)

Sector:

IT Services

14.92p
   
  • Change Today:
    -0.083p
  • 52 Week High: 81.00
  • 52 Week Low: 2.50
  • Currency: UK Pounds
  • Shares Issued: 477.83m
  • Volume: 2,284,932
  • Market Cap: £71.28m
  • RiskGrade: 1,097

Argo Blockchain fundraising falls through, shares tumble

By Michele Maatouk

Date: Monday 31 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Argo Blockchain shares tumbled after the cryptocurrency miner said a planned fundraising had fallen through.
The AIM-listed company announced earlier this month that it had signed a non-binding letter of intent with a strategic investor to raise around £24m via a subscription for ordinary shares.

However, Argo said on Monday that it no longer believes this subscription will be consummated under the previously announced terms.

"Argo is continuing to explore other financing opportunities," it said. "The company has also taken steps to further maximise liquidity and preserve cash."

Argo said it had sold some Bitmain machines for around £4.8m in cash.

At 0820 BST, the shares were down 43% at 8.75p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Argo Blockchain Market Data

Currency UK Pounds
Share Price 14.92p
Change Today -0.083p
% Change -0.56 %
52 Week High 81.00
52 Week Low 2.50
Volume 2,284,932
Shares Issued 477.83m
Market Cap £71.28m
RiskGrade 1,097

Argo Blockchain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.61% above the market average82.61% above the market average82.61% above the market average82.61% above the market average82.61% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Price Trend
96.67% below the market average96.67% below the market average96.67% below the market average96.67% below the market average96.67% below the market average
96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% below the sector average
Income Not Available
Growth
95.61% above the market average95.61% above the market average95.61% above the market average95.61% above the market average95.61% above the market average
97.98% above the sector average97.98% above the sector average97.98% above the sector average97.98% above the sector average97.98% above the sector average

Argo Blockchain Dividends

No dividends found

Trades for 31-Jan-2023

Time Volume / Share Price
13:54 32,017 @ 14.88p
13:52 19,722 @ 15.09p
13:45 49,421 @ 15.09p
13:44 16,515 @ 14.99p
13:42 550 @ 14.99p

Argo Blockchain Key Personnel

CEO Peter Wall

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