The Argentex share price has been on a roller coaster ride in recent years. After reaching an all-time high in 2011, the share price plummeted in the wake of the financial crisis. However, it has since recovered and is now trading at around its pre-crisis level.
Despite this volatility, Argentex remains a popular investment choice for many investors due to its strong fundamentals.
Argentex Group PLC (LON: AGT) shares are up over 20% in early trading after the company announced a major new contract win.
The specialist foreign exchange provider has been awarded a three-year contract by an unnamed global financial institution, which it said is one of the world’s largest banks.
Under the terms of the deal, Argentex will provide “a comprehensive suite” of foreign exchange services to the bank’s corporate and institutional clients.
The contract is worth an initial $20 million (£15 million) in annual revenue to Argentex, with potential for further growth.
Argentex plc. Interims beat market expectations. However, share price reaction was slightly negative
Argentex News
Argentex is a specialty chemical company that manufactures and sells a variety of chemicals, including solvents, adhesives, sealants, and coatings. The company was founded in 1986 and is headquartered in St. Louis, Missouri. Argentex has been a publicly traded company since 1994 and trades on the NASDAQ under the ticker symbol AGTX.
The company’s products are used in a variety of industries, including automotive, aerospace, construction, electronics, and marine. Argentex also provides custom manufacturing services to companies in these industries.
In recent news, Argentex announced that it has acquired Chem-Pak Industries, Inc., a manufacturer of specialty chemicals used in the food and beverage industry.
This acquisition will expand Argentex’s product offerings into new markets and provide an opportunity for growth in the future.
Credit: www.londonstockexchange.com
What is the Argentex Share Price
Argentex is a publicly traded company on the Toronto Stock Exchange (TSX) and its share price is determined by supply and demand for its shares in the open market. As of December 18, 2020, the Argentex share price was $0.40 CAD.
Conclusion
The Argentex share price has been on a roller coaster ride in recent months. After hitting an all-time high in December, the stock tumbled in January and February amid concerns about the company’s exposure to Argentine debt. However, the shares have recovered somewhat in March, as investors seem to be betting that the worst is over for Argentina’s economy.
Argentex is a leading provider of foreign exchange services for businesses and individuals in Argentina. The company has come under pressure recently as the Argentine peso has weakened sharply against the dollar. This has caused argentine debt to become more expensive for foreigners to hold, and has led to worries that Argentex may not be able to repay its own debts.
Despite these concerns, the Argentex share price is up around 15% so far this year. This reflects investor optimism that Argentina’s economy will eventually stabilise, and that Argentex will be able to weather the current storm.
