Crash of JoWood’s Share

Businessn.a. ♦ Published: January 12, 2011; 00:08 ♦ (Vindobona)

After the insolvency submission, the Austrian game manfacturer’s shares had to be suspended from trading. On the first trading day, the share fell by 30%.

Crash of JoWood’s Share / Picture: ©

After the insolvency announcement by the end of last week, the share had to be withdrawn from trading, and was only released on Tuesday. At first, JoWood shares crashed by 35%, recovering slightly during the afternoon, closing with losses of 30.66% The share is currently being traded at € 0.64.

The company suffers from chronically weak results and wrote massive losses for over…