Shares of Riot Blockchain Inc (NASDAQ:RIOT) shot up 9.7% on Friday . The stock traded as high as $3.75 and last traded at $3.73. 1,376,070 shares were traded during mid-day trading, a decline of 6% from the average session volume of 1,471,589 shares. The stock had previously closed at $3.40.
Separately, Zacks Investment Research cut shares of Riot Blockchain from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st.
The firm has a market capitalization of $49.10 million, a price-to-earnings ratio of -1.38 and a beta of 3.02.
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About Riot Blockchain (NASDAQ:RIOT)
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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