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Argentex Group Plc ( (GB:AGFX) ) has provided an announcement.
Argentex Group Plc announced an extension to its bridging loan facility, securing an additional £4 million from IFX Payments to address immediate liquidity needs. This move follows a request from its Tier 1 Liquidity Provider for incremental initial amounts and is part of Argentex’s strategy to manage its liquidity and working capital. The company is also in discussions with IFX Payments for a larger revolving credit facility. Trading in Argentex’s shares remains suspended as it seeks to stabilize its financial position.
More about Argentex Group Plc
Argentex Group Plc operates in the financial services industry, focusing on providing foreign exchange services and liquidity solutions. The company is known for its expertise in managing currency risks and offering tailored financial products to its clients.
YTD Price Performance: 50.0%
Average Trading Volume: 441,989
Technical Sentiment Signal: Buy
Current Market Cap: £52.03M
Find detailed analytics on AGFX stock on TipRanks’ Stock Analysis page.