Do you still remember Cypark Resources Bhd? Alas, the stocks that 'rocketed' like crazy last month.
Today (Thursday), the stock suffered a significant decline in active trading this morning, plunging over 15% to 83.5 sen.
However, the losses eased slightly as the market entered the afternoon trading session with a loss of 12.18% recorded at 86 sen (3.00pm).
It is one of the most actively traded stocks on the exchange with 37.01 million shares traded so far.
In the past two months, Jakel Capital Sdn Bhd and Pertubuhan Keselamatan Sosial (Sorkeso) became the new major shareholders of the renewable energy company.
As a result, Cypark's share price started a bullish trend by rocketing 124.3% from its closing of 53.5 sen on 4 January to a year high of RM1.20 on 9 February.
Even so, the stock lost again in the next three weeks with a 27.92% fall from RM1.20 to around 86 sen today.
