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Why is Genetic Technologies Ltd Adr (GENE) Stock down?

We've noticed a 100.00% decline in Genetic Technologies Ltd Adr (GENE) stock during the 2024-10-17 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!
21 Dec, 2023:

Shares of Genetic Technologies Ltd. ADR (GENE) dropped by 16.93% from $2.552 to $2.12 in the trading on Thursday, December 21, 2023. The reason why GENE down today is due to the compnay announed delays to product launches and provided disappointing guidance for fiscal 2023 revenue. In addition, GENE reported a wider net loss and operating expenses increased.

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