The AGL (ASX:AGL) share price just hit a 12-year low

Things just keep going from bad to worse for the AGL Energy Ltd (ASX: AGL) share price. Today, AGL shares have hit a 12-year low after opening at $11.94 a share and sinking as low as $11.87 soon after.

That is the lowest share price AGL has seen since the depths of the global financial crisis back in 2008, almost 13 years ago. The shares have recovered slightly since this morning and are currently swapping hands for $12.07 a share.

It’s been a stunning fall from grace for AGL, one of the ASX’s largest energy retailers. The company last peaked back in 2017 with a share price of close to $28. That means that, with the current share price of $12.08 and a market capitalisation of just $7.53 billion, shareholders have lost more than…