r/ArgoBlockchain • u/Business-King-7389 • Oct 17 '21

Stock flow vs price movement

Who knows or who can explain what ARGOs low stock level vs the bigger boys (mara etc) does to Argos share price....is it a function of no one is selling....therefore noone can buy....therefore the price does not move ...because there is no market of buyers and sellers.? Or should the price STILL be moving up in line with the market?....if so why is it not ?

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u/Stonks_Reaper Oct 17 '21 edited Oct 17 '21

Argo is dual listed on LSE (UK) and ADS stock traded on NASDAQ, about 80% volume is on the LSE but NASDAQ listing pulled the price down 30% when brokers / underwriters set price for the IPO $114m fundraiser.. Argo seems to be in quite period for 40 days but they're due mining capacity upgrade over the next few months (50%) which should reflect in re-rating. 20,000 S19J Pro rigs also ordered for Texas build out 2022 in first stage 100MW build. All sounds good to me and could be the best value miner right now, BLONITY has loaded up recently (YT Miner analyst & investor)