Argentex Group requested that their shares be suspended from trading on AIM on Tuesday after the currency management company warned of a significant deterioration in its short term due to the increase in foreign exchange fluctuations.
The trading suspension in the shares of the company on AIM has become an effect from 07.30 in the morning today.
Argentex said that its exposure to the US dollar, which is short, is driven by the recent tariffs and spending ads from President Trump, has sparked a wave of margin calls associated with FX positions forward and options.
Argentex noted that sudden shifts have created “a rapid and important effect” on liquidity near the period.
In response, the company said it has taken steps to maintain side requirements from its opposite parties.
It also explores work options and is in active discussions with its main liquidity provider to increase the formation of its financial position.
Argentex highlighted that if the currency exacerbates the fluctuation of the currency more, and the lack of additional support immediately, its liquidity may become “greatly extended”.
“In light of these developments and the current certainty of the materials,” the company said that it requested the suspension of trading in its regular shares on AIM.
This announcement comes a few weeks after Argentex published its results in the 24th year and completed an investor offer.