Why Did Argentum 47 Inc (OTCMKTS:ARGQ) Stock Fall 33% On Thursday?

It was a tough day in the markets for investors in Argentum 47 Inc (OTCMKTS:ARGQ) as the company’s stock suffered from a significant selloff and went down by as much as 33%. In this situation, it is important for investors to figure out if the stock can manage to bounce back or if the slide is going to continue.

Trading Data

On Thursday, ARGQ stock slumped 33.17 % to $0.0802 with more than 3.35K shares, compared to its average volume of 12.43K shares. The stock moved within a range of $0.0802 – 0.1001 after opening trading at $0.1001.

Argentum 47, Inc. Secures Rights to Promote Merchandise and Viewership for Upcoming Apple Original Film on AppleTV+ and BBC One

The company, which is best known for providing artificial intelligence powered marketing services, was in the news yesterday after it announced that it had signed a contract with the firm Freuds Bazaar. Freuds Bazaar is based out of the United Kingdom and is best known for its cause-focussed concepts and products which have proven their sustainability and impact.

Argentum is going to be involved in helping with the promotion and long-term viewership for the animated film The Boy, the Mole, the Fox and the Horse. The film is going to be broadcast on BBC One and on Apple TV+ in the form of an Apple Original Film on December 25 this year.

The book, on which the film is based, is written by Charlie Mackesy and has won considerable accolades so far. It may be a good time to keep an eye on the Argentum stock and watch for any signs of recovery.

Key Quote

Robert Stephenson, CEO of Argentum, has expressed his ambition to expand the Company’s partnerships in order to secure greater returns and improved brand recognition, stating, “We are positioning ourselves as a serious contender in the marketing world by expanding our partner network to the film and television industry. Given that we’ve begun planning for the coming year of 2023 with major players, our team’s hunger for success grows with each new contract we secure.”