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Findi Limited Addresses ASX Price Query Amid Social Media Controversy

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Findi Limited Addresses ASX Price Query Amid Social Media Controversy

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Findi ( (AU:FND) ) just unveiled an update.

Findi Limited, a company listed on the ASX, has responded to a price query from the ASX regarding the recent fluctuations in its share price and trading volume. The company stated that it is not aware of any undisclosed information that could explain the recent trading activity. However, it acknowledged that false and misleading comments were made by a former Vice Chairman of its Indian subsidiary on social media, and legal action will be pursued. Findi confirmed its compliance with ASX Listing Rules and that the board has authorized the responses provided.

The most recent analyst rating on (AU:FND) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.

More about Findi

Average Trading Volume: 144,032

Technical Sentiment Signal: Hold

Current Market Cap: A$197.8M

Learn more about FND stock on TipRanks’ Stock Analysis page.

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