Johannesburg - Shares in Huge Group [JSE:HUG] drop 22.5% to 100 cents as the telecoms supplier called off talks that started on August 18.
The company did not give any details of the nature of the discussions and why they were called off.
Shares of the company significantly outperformed the broader Johannesburg's All-share index in the last 11 months, gaining more than 40% compared with a 11% rise in the index.
Technicals suggest the stock may have plenty of upside. The stock's 14-day relative strength index, or RSI, is at around 22, well below the oversold mark of 30.
The company did not give any details of the nature of the discussions and why they were called off.
Shares of the company significantly outperformed the broader Johannesburg's All-share index in the last 11 months, gaining more than 40% compared with a 11% rise in the index.
Technicals suggest the stock may have plenty of upside. The stock's 14-day relative strength index, or RSI, is at around 22, well below the oversold mark of 30.