Business
Enero (ASX:EGG) share price falls despite being up over 45% in a month
The Enero Group Ltd (ASX: EGG) share price is trading lower in late afternoon trade. This comes after the company announced that it has divested Frank PR (Frank) from its brand portfolio. At the time of writing, the marketing and communication services company’s shares are down 1.16% to $2.99.
Let’s take a look at what moved the Enero share price below the $3 barrier today.
Sale of Frank
The Enero share price is in the red after investors appear displeased with the company’s offloading of Frank.
According to its release, Enero advised that it has sold off its 75% interest in Frank. The move was a part of a management buyout….
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