16th Feb 2021 14:31
Argo Blockchain PLC - London-based cryptocurrency miner - Notes the recent rise in its share price and says it "sees no fundamental reason" for the move, nor is it aware of any material developments beyond those previously notified to the market.
AFP on Tuesday reported that Bitcoin soared above USD50,000 for the first time as an increasing number of corporate heavyweights back the world's most popular virtual currency. "The crypto king has crossed the 50,000 price level for the first time as institutions are all over it," said AvaTrade analyst Naeem Aslam. "The rally has still a lot of power left and the move is going to continue towards the actual target of USD100,000."
Current stock price: 220.00 pence; up 17% on Tuesday
Year-to-date change: up from 33p as at the end of 2020
By Evelina Grecenko; [email protected]
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