Argo Blockchain - buying and selling shares

I can’t seem to sell my shares? Tried to also buy. Is this due to liquidity issue?

Does liquidity also impact when selling shares?

https://www.londonstockexchange.com/stock/ARB/argo-blockchain-plc/trade-recap

Market liquidity will impact the speed to trade shares.

Looks like it has a market capitalisation value of about 700m, but only 5-10m of that is traded daily.

How much is that compared to other stocks. I have noticed its hard to day trade that stock, actually close to impossible with those execution the times

Isn’t 5-10m trade enough?

All depends on how many people wanting to trade, I would be surprised if your trade took more than say 10 mins to be fair.

*Scrap that seen the market it’s on.

Indeed, as @Dougal1984 has mentioned, the liquidity of the stock impacts the speed of order execution, both Buy and Sell orders.

Furthermore, Argo Blockchain is traded via SETSqx service where execution happens only several times per day during the official auctions. Depending on the liquidity, the order might not be filled during the open time frame.

There is a possibility for execution via Market makers, however, our execution intermediary relies mainly on DMA (Direct market access), which means that the execution time frames in the majority of the cases correspond to the official auctions which take place several times a day.

Where can I get the official timing for the auction?

There’s one at the start and end of the day

8am and 4:35pm

And three during the day

9am, 11am and 2pm

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Even in these times, it’s not easy to buy or sell. Very odd. I have been trying for some days now.

Is this more of a trading 212 issue? It’s the only mining company listed on LSE. And pretty sure a lot of people have this, especially in their isa for exposure.

Would like trading 212 to look into this. Feel it’s not a volume issue.

Why T212 doesn’t support requesting a quote from market maker?

@MohammedS Execution can occur only during the open auctions during the day. If however, the liquidity is low in these time frames, orders may not be executed.

@KEVALPATEL2106 The liquidity providers to which the orders are routed depend solely on our intermediary and they rely on DMA.

This is like the 6th day, I have been trying to buy or sell shares in Argo. Nothing happens.

I’m sure this isn’t an issue in other platforms? Though I can’t confirm this.

Let me DM you and we’ll address your concerns together.