Agriforce Growing Systems Ltd (AGRI)

AgriFORCE Growing Systems Stock (AGRI) dropped by 6.83% from $0.9710 to $0.9038 in the trading on Monday November 27, 2023. The reason why AGRI stock down today is due to the reaction of investors on a letter to shareholders from company CEO Richard Wong. The letter focused on performance for 2023 and what to expect from AgriForce Growing Systems in 2024. Wong attributed AGRI's struggles in 2023 to a confluence of adverse factors, including inflation, high interest rates, and geopolitical instability. He characterized this as a "significant deterioration of the overall business climate," which directly impacted AGRI's stock price.

AgriFORCE Growing Systems Stock (AGRI) dropped by 28.5% from $5.46 to $3.90 in the trading on Tuesday October 10, 2023. The reason why AGRI stock down today is due to the announcement of reverse stock split. AgriFORCE has announced a reverse stock split of the company’s common shares whereby every fifty shares of its outstanding common shares will be combined into one common share. The reverse split will be effective as of the commencement of trading on October 11. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement set forth in Nasdaq Listing Rule.