KUALA LUMPUR: Pertama Digital Bhd's share price continued its free fall today, hitting its lowest in more than four years.
As of 10.18 am, the digital services provider's share is trading at 29 sen, dropping 40.21 per cent from yesterday's closing price of 48.5 sen.
Since the beginning of October, the share has dropped for more than 80 per cent from its closing price on Oct 1 at RM1.95.
On Oct 3, Bursa had issued an Unusual Market Activity query after the company's share price plunged 30 per cent or 48 sen.
Executive director Sabri Ab Rahman said Pertama Digital is unaware of the recent stock price dip but assures stakeholders the company remains strong and well-positioned for sustainable growth.
In a statement, Sabri noted that in recent months, the company had successfully reversed its previous quarter's negative results, with new product lines making a marked contribution to performance.
"We are proud to have moved into a positive trajectory, driven by our team's hard work and the growing impact of our innovative digital offerings.
"We have also completed a strategic cost-cutting exercise and streamlined our operations to ensure healthy cash flow," Sabri said.