Business
Why the Fatfish (ASX:FFG) share price is diving 21% today
Fatfish Group Ltd (ASX: FFG) shares are plummeting today with no news out from the company. At the time of writing, the Fatfish share price has plummeted 21.15% to 20.5 cents.
It is, however, important to view today’s falls within the context of the 195% gain the tech venture investment firm notched up yesterday.
Why has Fatfish been so volatile lately?
There are a few recent news items that have drawn focus to the Fatfish share price recently. Firstly, on Monday iCandy Interactive Ltd (ASX: ICI) announced its intentions of selling iCandy digital for $4.8 million to Rightbridge Ventures. Rightbridge is a subsidiary of Abelco, and Abelco is a subsidiary of Fatfish.
This news item, in reality, has no material impact on Fatfish, as…
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