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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

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Share Price: 11.00
Bid: 11.00
Ask: 12.00
Change: 0.00 (0.00%)
Spread: 1.00 (9.091%)
Open: 0.00
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Low: 0.00
Prev. Close: 11.00
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SMALL-CAP WINNERS & LOSERS: Foxtons shrugs off CFO exit; Nostrum sinks

Tue, 21st Dec 2021 10:44

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Argo Blockchain PLC, up 10% at 94.90 pence, 12-month range 13.50p-339.81p. The cryptocurrency miner is tracking the price of bitcoin higher. The world's oldest cryptocurrency is priced at USD48,668.40 on Tuesday morning, up from USD45,861.10 at the same time on Monday. "Bulls are back as the Bitcoin price was flirting with the 200-day simple moving average on the daily time frame. There is no doubt that Bitcoin price is oversold, and we have seen an intense sell-off for the past number of weeks. But the fact that the price is bouncing back up from the 200-day SMA is positive news, but it will only remain as a positive sign if the price continues to stay above this price level," says AvaTrade's Naeem Aslam.

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Foxtons Group PLC, up 5.1% at 40.20p, 12-month range 37.97p-75.80p. The estate agent has promoted Chris Hough to chief financial officer and executive director after current CFO Richard Harris leaves to take up the same role at FTSE 250-listed Rank Group PLC. Rank shares are up 2.3%.

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SMALL-CAP - LOSERS

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Nostrum Oil & Gas PLC, down 41% at 3.84p, 12-month range 2.82p-15.50p. Shares hit 12-month low after the oil and gas company confirms its in talks with an ad hoc noteholder group with the aim of reducing its indebtedness and lowering cost of funds. Nostrum notes press reports on the terms of a potential restructuring of the company's USD725 million 8.0% notes due July 2022 and its USD400 million 7.0% senior notes due February 2025. The discussions with the noteholder group on the proposed note restructuring, includes a reduction in financial indebtedness and implementing a debt for equity swap, which would lead to existing shareholders having a significantly reduced stake in Nostrum's share capital.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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(Alliance News) - Argo Blockchain PLC on Thursday said its chief executive officer and interim chair has stepped down to pursue other opportunities, while it has appointed an interim CEO and permanent chair.

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8 Feb 2023 11:32

Argo Blockchain Bitcoin mining, revenue up; denies class action claims

(Alliance News) - Argo Blockchain PLC on Wednesday said its monthly Bitcoin mining and associated revenue was up, while it refuted all allegations made against it in a class action lawsuit filed in New York.

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23 Jan 2023 13:08

IN BRIEF: Argo Blockchain regains compliance with Nasdaq listing rule

Argo Blockchain PLC - London-based cryptocurrency mining - Receives a letter from Nasdaq stock market in New York, saying Argo Blockchain has regained compliance with a Nasdaq listing rule. Nasdaq had informed Argo Blockchain on December 16 that its American Depositary Shares had not maintained the minimum bid price of USD1.00 over the previous 30 business days. To regain compliance, Argo Blockchain had to do so for ten consecutive trading days. This requirement was met on January 13. Each ADS represents 10 Argo Blockchain shares.

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12 Jan 2023 06:54

IN BRIEF: Argo Blockchain bitcoin mining hurt by US snow in December

Argo Blockchain PLC - London-based cryptocurrency miner with operations in Texas and Quebec - Mines 147 bitcoin and bitcoin equivalents in December, down from 198 in November, as its Helios facility in Texas voluntarily reduces power consumption in response to a severe winter storm in the US. Mining revenue during the month is USD2.5 million, down from USD3.5 million in November, taking into account bitcoin price movements. Mining margin is 48%, up from 29% in November. As of the end of December, Argo Blockchain holds 25 bitcoin and 116 bitcoin equivalents.

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29 Dec 2022 09:40

SMALL-CAP WINNERS & LOSERS: Argo Blockchain falls as deal closes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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29 Dec 2022 08:50

LONDON MARKET OPEN: Sea of red as investors fret over Covid in China

(Alliance News) - Stock prices in London opened lower on Thursday amid risk-off sentiment across Europe, as concerns grew about rising Covid cases in China.

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29 Dec 2022 08:00

IN BRIEF: Argo Blockchain completes USD65 million deal in Texas

Argo Blockchain PLC - London-based blockchain technology - Says now has closed its deal with Galaxy Digital Holdings Ltd. On Wednesday, Argo Blockchain said it had entered an agreement for a subsidiary to sell its Helios Facility in Dickens County, Texas to Galaxy Digital for USD65 million. Argo said the subsidiary also will refinance asset-backed loans with a USD35 million loan from Galaxy. The loan will be backed by Argo's fleet of 23,619 Bitmain S19J Pro cryptocurrency mining machines currently operating at the Helios site. The company said Galaxy has agreed to host Argo's mining machines for a two-year period, but they will remain owned by Argo.

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28 Dec 2022 12:15

LONDON MARKET MIDDAY: FTSE 100 rises with positive 2022 in sight

(Alliance News) - Stock prices in London were higher at midday on Wednesday, with sentiment remaining upbeat as investors looked to the year-end after the Christmas break.

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28 Dec 2022 10:48

Argo Blockchain to sell facility to Galaxy Digital for USD65 million

(Alliance News) - Argo Blockchain PLC on Wednesday said it has entered into an agreement for a subsidiary to sell its Helios facility to Galaxy Digital Holdings Ltd.

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28 Dec 2022 09:37

SMALL-CAP WINNERS & LOSERS: Argo Blockchain up on USD65 million sale

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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16 Dec 2022 21:54

TRADING UPDATES: Chesnara confirms completion of Conservatix contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Argo Blockchain shares suspended by FCA; November mining revenue falls

(Alliance News) - Argo Blockchain PLC shares on Friday were temporarily suspended from trading by the UK Financial Conduct Authority as the company reported a decrease in November revenue.

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31 Oct 2022 20:49

IN BRIEF: Argo Blockchain warns on future as cash raise cancelled

Argo Blockchain PLC - London-based blockchain technology company - Says a GBP24 million fundraising from a strategic investor is no longer likely to go ahead under previously announced terms.

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