0.0505
price up icon5.65%   0.0027
pre-market  Pre-market:  .05   -0.0005   -0.99%
loading

Why is Agriforce Growing Systems Ltd (AGRI) Stock down?

We've noticed a 7.72% decline in Agriforce Growing Systems Ltd (AGRI) stock during the 2024-11-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
27 Nov, 2023:

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.

10 Oct, 2023:

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.

$25.75
price up icon 0.82%
$29.92
price up icon 0.64%
$11.46
price up icon 1.33%
$34.56
price up icon 0.00%
$16.22
price up icon 0.75%
farm_products FDP
$33.03
price up icon 4.33%
Cap:     |  Volume (24h):