Argentex shares suspended amid liquidity concerns from FX volatility

Argentex Group PLC on Tuesday said trading in its shares has been suspended on London’s AIM market as it grapples with a sharp deterioration in its short-term liquidity position.

The London-based currency risk management firm said the suspension was requested due to ‘material uncertainty’ surrounding its financial position, following recent ‘significant’ volatility in the FX markets.

Argentex said the volatility was triggered by a rapid devaluation of the US dollar against major currencies, driven in part by policy announcements from US President Donald Trump, including tariff measures and spending cuts. These developments, the company said, had a rapid and significant impact on its near-term liquidity, largely due to margin calls linked to its forward and options books.

The company warned that if volatility worsens and its financial position is not bolstered soon, its liquidity would become ‘significantly stretched’.

Argentex said it is taking steps to preserve cash and boost collateral from counterparties, while exploring various options for the business. It also said it has the support of its principal liquidity provider and is in talks about strengthening its financial position amid continued macroeconomic uncertainty.

Shares were suspended at 42.68 pence prior to Tuesday’s announcement. The stock is down 7.2% over the past 12 months.

Copyright 2025 Alliance News Ltd. All Rights Reserved.