GeoOp's shares remain under pressure following the abrupt resignation of chief executive Leanne Graham last month and despite reassuring comments from the board at the annual shareholders' meeting this week.
Shares in the internet-based labour management company plumbed a new intra-day low of 45 cents yesterday - a 10-fold fall from their record in November last year at $4.49 just after the company listed - before ending the day unchanged at 51 cents.
Chairperson Mark Weldon said the declining value of the share price mirrors that of accounting software company Xero. Its share price has about halved since GeoOp's shares peaked.
However, Mr Weldon said GeoOp is on target to meet its forecast profit and revenue targets.
