Bubs (ASX:BUB) share price hits multi-year low but could keep sinking

The Bubs Australia Ltd (ASX: BUB) share price was under pressure yet again on Monday.

The goat’s milk infant formula company’s shares tumbled a further 3.5% to a multi-year low of 42.5 cents.

This means the Bubs share price is now down over 64% from its 52-week high of $1.19.

Why is the Bubs share price at a multi-year low?

Investors have been heading to the exits in their droves this year amid concerns over its disappointing performance and its ongoing cash burn.

And with Bubs due to release its third quarter update later this week, it appears as though some investors aren’t sticking around to see that.

Bubs in FY 2021

As with rival a2 Milk Company (ASX: A2M), FY 2021 has been a very disappointing year for Bubs.

Despite…