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However, FAMI’s stock has suffered a 51% decline over the past month and 11.1% over the past year. Its recent, upsized public offering of 140 million ordinary shares at $0.30 per share could be the primary reason behind the decline in stock price.
Although an increased worldwide demand for mushrooms should continue to help the company win multi-product sales orders, its weak profit margin, poor financials amid rising trade restrictions could cause the stock to see further pullbacks in the coming months.
