The renewable energy company’s shares fell as much as 22 sen or 26% to an intraday low of 62 sen during morning trade, its lowest in almost six months.

However, the group managed to pare its losses in the afternoon session. At 4.10pm, it was down 14 sen or 16.7% at 70 sen, valuing it at RM307.3 million. A total of 20.1 million shares were traded.

Year-to-date, JSB has fallen by 45.8%.

In a filing today, Bursa said the counter’s IDSS has been suspended for the day after its last done price fell by more than 15 sen or 15% of the reference price. Its intraday short selling will be activated at 8.30am tomorrow.

Formerly known as Ipmuda Bhd, Jentayu was one of the stocks hit during the small cap sell-off on Bursa in early January, joining the infamous “Limit Down Club”.

The stock’s IDSS was suspended on Jan 17 after hitting limit down, dropping as much as 30% or 39 sen to a then three-month low of 91 sen.

The counter continued to tumble in the following days, hitting limit down two days later. This prompted Bursa to freeze its lower limit share price at 50 sen.

Prior to the January sell-down, JSB’s shares surged 200% over the past two years to a peak of RM1.32 early in January.

In its third quarter ended March 31, 2024 (Q3 FY2024), JSB’s net loss widened to RM9.25 million from a net loss of RM6.82 million a year earlier while revenue dropped 15.1% to RM5 million from RM5.84 million.