Argentex Group (LON:AGFX) Stock Price Up 10% – Here’s Why

Shares of Argentex Group PLC (LON:AGFX) traded up 10% on Tuesday . The company traded as high as GBX 41 ($0.51) and last traded at GBX 40.91 ($0.51). 529,709 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,732,424 shares. The stock had previously closed at GBX 37.20 ($0.46).

Argentex Group Price Performance

The firm has a 50-day simple moving average of GBX 31.75 and a 200-day simple moving average of GBX 32.69. The firm has a market capitalization of £47.02 million, a PE ratio of 716.00 and a beta of 1.20. The company has a debt-to-equity ratio of 26.42, a current ratio of 1.56 and a quick ratio of 0.32.

Insider Buying and Selling

In related news, insider Nigel Railton bought 693,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of GBX 31 ($0.39) per share, with a total value of £214,830 ($267,301.23). 24.75% of the stock is currently owned by insiders.

Argentex Group Company Profile

As global payment and currency risk management specialists, we offer bespoke services alongside market leading technology for businesses and financial institutions. When choosing Argentex, you will benefit from competitive rates, tailored risk management solutions and the certainty that your organisation is in safe hands.

Argentex is listed on the London Stock Exchange, with offices in the UK, the Netherlands, Australia and the UAE.