OFX hits the skids

OFX Group has slumped 25% over the past six weeks; it's all the more unnerving that there's no obvious reason for the fall.

OFX Group (formerly OzForex) has hit the skids lately, falling around 25% since it peaked at around $2.51 last month and 16% this week. Last month's high came shortly after the company’s annual meeting on 3 August, where it triumphantly reported how its systems had held together while others had struggled amid the violent currency swings caused by the UK’s Brexit referendum.

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