RIOT is making big moves today. Find out why the stock was trading 16% higher:

Riot Blockchain Inc (RIOT) is trading 16% higher at $6.45 today. While there didn't appear to be any singular catalyst driving the price move, the stock is down some 60% in 6 months, and trading close to 52 week lows, so traders may feel the embattled blockchain company has entered bargain territory.

Riot Blockchain Inc has been trading between a 52-week high of $46.28 and a 52-week low of $4.02. The stock has a market cap of $873 Million.

Riot Blockchain focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies.