Dear readers, MindChamps stock tumbled 24.8% on Monday afternoon (9 Dec 2019) from 50.5 Singapore cents to 38 Singapore cents before closing the trading day slightly higher at 48.5 Singapore Cents. Mindchamps stock tumbled another 5.15% today (10 Dec 2019) to close at 46 Singapore Cents. So what caused MindChamps stock to tumble in such an unforeseen manner?
Well, to SGX’s enquiry in relation to the tumble of MindChamps stock issued on 9 Dec 2019 afternoon, MindChamps replied at 11.33pm on the same day to the effect that it is not aware of any information not previously announced by the Company or its subsidiaries or associated companies which, if known, might explain the trading. So, put it simply, investors would not know what has caused MindChamps stock to tumble as of this time in writing.
Before the actual reason for the tumble in the stock price is known, investors would be best to avoid MindChamps stock.
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