Business
Why the McPherson’s (ASX:MCP) share price is sinking lower again
The McPherson’s Ltd (ASX: MCP) share price is dropping lower again on Thursday.
At the time of writing, the health, wellness, and beauty products company’s shares are down 6.5% to $1.17.
This means the McPherson’s share price is now down over 65% from its 52-week high of $3.40.
What did McPherson’s announce?
This morning the company announced that its Chief Executive Officer and Managing Director, Laurie McAllister, has resigned with immediate effect.
This follows a dreadful year for McPherson’s which has seen the company’s performance and share price deteriorate materially.
What happened this year?
During the first quarter of FY 2021, the company recorded a decent 4% lift in sales to $49.7 million.
However, it appears…
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