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Up 28% in a month, I've been loading up on this penny share


Published on 2025-01-12 19:41:09 - MSN
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  • Our writer has been buying more of a penny share he already holds and reckons recent news could point to unrealised value for his portfolio. Here's why. The post Up 28% in a month, I've been loading up on this penny share appeared first on The Motley Fool UK.

The article from MSN Money discusses the significant rise in the share price of a penny stock, specifically focusing on the company Argentex Group, which has seen its shares increase by 28% in a month. The author, Edward Sheldon, explains his decision to invest in this stock, highlighting several factors. Firstly, Argentex, a UK-based foreign exchange service provider, has shown robust financial performance with a 25% revenue increase and a 30% rise in pre-tax profit for the first half of the year. Additionally, the company's shares are still considered undervalued with a price-to-earnings ratio of about 10, suggesting potential for further growth. Sheldon also notes the company's expansion into new markets like the Netherlands and its focus on high-value clients, which could drive future growth. Despite the risks associated with penny stocks, such as high volatility and lower liquidity, Sheldon believes that Argentex's strong fundamentals and growth prospects make it a worthwhile investment.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/money/economy/up-28-in-a-month-i-ve-been-loading-up-on-this-penny-share/ar-BB1rjQeb ]