Argentex Group (LON:AGFX) Trading Down 2.5% – Here’s What Happened

Argentex Group PLC (LON:AGFX)’s share price fell 2.5% during mid-day trading on Wednesday . The stock traded as low as GBX 29.26 ($0.37) and last traded at GBX 29.26 ($0.37). 131,107 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 401,710 shares. The stock had previously closed at GBX 30 ($0.38).

Argentex Group Price Performance

The firm has a market cap of £35.84 million, a P/E 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. The firm’s 50 day moving average is GBX 30.56 and its 200 day moving average is GBX 32.11.

Insider Buying and Selling

In related news, insider Nigel Railton acquired 693,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average cost of GBX 31 ($0.39) per share, for a total transaction of £214,830 ($269,210.53). 24.75% of the stock is currently owned by corporate insiders.

About Argentex Group

Argentex Group PLC provides bespoke currency risk management and payment solutions in the United Kingdom. The company offers spot and forward contracts, structured solutions, and personalized hedging strategies FX capabilities primarily through traditional voice broking and online alternative banking services.