Shares in Slater and Gordon have tanked this week, falling from a high of $2.650 on Monday to a low of 59 cents in the first half hour of trading on Friday. The 52-week high is $8.07.
The price has since recovered slightly, rising back above 70 cents.
Shares in the company dropped 51% on Thursday, after the UK government announced it would change laws relating to compensation cases.
The British government is proposing to limit compensation for road accidents, which accounts for up to 90% of Slater and Gordon’s UK business.
The company’s market capitalisation slumped more around $300 million due to Thursday’s sell off.
The share price also saw a single-day 25% drop in June after questions arose about the accounts of its UK operations.
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