Argo trailed only Rolls-Royce and BA-owner IAG in Fidelity's list of 'most actively traded stocks' on its platform in the year Argo Blockchain PLC (L
Argo trailed only Rolls-Royce and BA-owner IAG in Fidelity’s list of ‘most actively traded stocks’ on its platform in the year
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) and Braveheart Investment Group PLC (AIM:BRH) were in lofty company as they ranked in the ‘top stocks’ for Fidelity investors in 2021.
Argo out-ranked Lloyds Banking Group PLC (LSE:LLOY) and BP PLC (LSE:BP.) to take third-place in the ‘top five most actively traded stocks’ on Fidelity’s platform during the year, the investment group revealed in a report. Only Rolls-Royce Holdings PLC (LSE:RR.) and British Airways owner International Consolidated Airlines Group (LSE:IAG) were more popular.
Fidelity described Argo as an operator of a ‘low-cost and consumer-friendly service for the mining of leading crypto-currencies’.
Braveheart, meanwhile, was the most actively traded stock for Fidelity’s SIPP customers topping a list which, in ranked order, also included Rolls Royce, Argo, BP, and IAG.
Interest in the small-cap investment group was driven by Nottingham based low-cost Coronavirus (COVID-19) test kit maker Paraytec, 42% owned by Braveheart, which is pursuing potential growth across the EU and the US with plans to expand in early 2022 as it attempts to meet high demand for tests.
Fidelity also highlighted a “flurry of trading activity and a big shift in the stocks being most actively traded” in recent weeks, with Smiths Group (LSE:SMIN), Boohoo Group and Genedrive set to make the investment group’s top lists for December.
Argo shares traded at 105p in Christmas Eve’s early deals, marking a 123% gain for 2021 to date.
The blockchain firm and Bitcoin miner recently announced it had mined a total of 1,831 Bitcoins in the eleven months to the end of November (after adding 185 Bitcoins that month) and said it held 2,317 Bitcoins or equivalents at that time.
Argo invested in a new expansion to its mining capacity during the year, with deliveries and installation of kit due through 2022.
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