Argentex Group (LON:AGFX) Shares Up 21.4% – Here’s Why

Argentex Group PLC (LON:AGFX) shot up 21.4% on Monday . The stock traded as high as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). 2,178,088 shares were traded during trading, an increase of 135% from the average session volume of 926,082 shares. The stock had previously closed at GBX 2.47 ($0.03).

Argentex Group Price Performance

The company has a 50-day moving average of GBX 23.39 and a two-hundred day moving average of GBX 31.82. The stock has a market capitalization of £3.00 million, a PE ratio of 0.30 and a beta of 1.20.

Argentex Group (LON:AGFX) last released its earnings results on Wednesday, April 2nd. The company reported GBX (1.30) (($0.02)) earnings per share for the quarter. Argentex Group had a return on equity of 34.38% and a net margin of 17.07%. On average, research analysts forecast that Argentex Group PLC will post 1120 EPS for the current fiscal year.

Insider Transactions at Argentex Group

In other news, insider Nigel Railton acquired 256,180 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were bought at an average cost of GBX 46 ($0.62) per share, for a total transaction of £117,842.80 ($159,096.53). Also, insider Tim Haldenby acquired 32,494 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of GBX 46 ($0.62) per share, for a total transaction of £14,947.24 ($20,179.88). Insiders have bought a total of 609,012 shares of company stock worth $28,334,890 in the last three months. 24.75% of the stock is currently owned by company 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.