It was a tough day in the markets for investors in PlantX Life Inc (OTCMKTS:PLTXF) on Friday as the company’s stock suffered from a steep selloff and ended up with a decline of as much as 10%.
On Friday, PLTXF stock lost 10.29% to $0.2061 with more than 3.66K shares traded, compared to volume of 36.23K shares. The stock moved within a range of $0.1825 – 0.2061 after opening trading at $0.2061.
PlantX Provides Update on Financial Statements
The company, which provides a digital marketplace for plant-based products, was in the news back on December 16 when provided an update with regards to the delay in filing its yearly financial statements. The financial statements in question are the fiscal year statement for the period ended on March 22, 2022, for the three month period ended on June 20, 2022 and for the quarter that had ended on September 30, 2022.
PlantX announced that the audits with regards to the filing were continuing. However, as had been announced by the company in the past, the delays had been caused due to the original delay that had been caused in the filing of the financial statement for the fiscal year ended March 31, 2022.
In addition to that, it was also noted by PlantX that trading in its securities remained suspended on account of the failure to file the financial statements. It remains to be seen if the slide in the stock continues today or not.