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Argentex Group Plc ( (GB:AGFX) ) just unveiled an announcement.
Argentex Group PLC has utilized £5.71 million of its £20 million revolving credit facility to meet liquidity requirements and margin calls, in addition to a secured bridging loan from IFX Payments. Following the resumption of trading on AIM, the company has experienced significantly reduced trading levels, limiting activities to spot transactions and a few forwards, which decreases the risk profile of its trading operations.
More about Argentex Group Plc
Argentex Group PLC operates in the financial services industry, focusing on foreign exchange services. The company offers a range of currency risk management and payment solutions to businesses, with a market focus on providing efficient and tailored financial services.
Average Trading Volume: 903,675
Technical Sentiment Signal: Sell
Current Market Cap: £3.08M
For a thorough assessment of AGFX stock, go to TipRanks’ Stock Analysis page.