Argo Blockchain (ARB)

Sector:

IT Hardware

9.89p
   
  • Change Today:
      0.070p
  • 52 Week High: 32.00
  • 52 Week Low: 6.25
  • Currency: UK Pounds
  • Shares Issued: 577.16m
  • Volume: 1,200,085
  • Market Cap: £57.08m
  • 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 9.89p
Change Today 0.070p
% Change 0.71 %
52 Week High 32.00
52 Week Low 6.25
Volume 1,200,085
Shares Issued 577.16m
Market Cap £57.08m
RiskGrade 1,097

Argo Blockchain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.61% below the market average59.61% below the market average59.61% below the market average59.61% below the market average59.61% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Price Trend
48.2% below the market average48.2% below the market average48.2% below the market average48.2% below the market average48.2% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income Not Available
Growth
14.86% above the market average14.86% above the market average14.86% above the market average14.86% above the market average14.86% above the market average
12% below the sector average12% below the sector average12% below the sector average12% below the sector average12% below the sector average

Argo Blockchain Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:36 39,343 @ 9.89p
16:35 100,084 @ 9.89p
16:35 84 @ 9.89p
16:35 556 @ 9.89p
16:35 30,000 @ 9.89p

Argo Blockchain Key Personnel

Chair Matthew Shaw
CEO Thomas Chippas

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