What’s happening with the Damstra (ASX:DTC) share price?

After a strong rally over the second half of 2020, shares in ASX workplace management consultancy Damstra Holdings Ltd (ASX: DTC) have come off the boil more recently.

Since touching a new all-time high of $2.44 in October of last year, the Damstra share price has plunged more than 50% to just $1.13 as at the time of writing. So, what has driven the massive decline?

First, a little background on Damstra

The company develops tailored workplace management solutions for corporate clients operating in specialised industries like mining, construction and energy and utilities.

Damstra partners with these organisations to develop systems and processes that will protect the safety of their employees and also help them to meet regulatory…