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Why is Firefinch (FFX) down 60% – Friday?

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Question asked

Why is Firefinch (FFX) down 60% – Friday?

60% drop this morn! Why? Buying opportunity?

Answer

Hi John,

All is not what it seems! The stock did indeed fall over 60% but it traded ex-dividend its in-specie dividend which related to the demerger of its lithium operations. Eligible shareholders will receive 1 Leo Lithium share for every 1.4 Firefinch share owned.

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Firefinch (FFX)
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