Another attempt at addressing the "Why's". .....

See lnk at: https://www.********.au/2018/11/30/why-far-ltd-is-among-3-asx-shares-at-52-week-lows/

Why FAR Ltd is among 3 ASX shares at 52-week lows

Yulia Mosaleva | November 30, 2018 | More on: AGI DNA FAR

The Australian stock market has fallen 1.3% lower in afternoon trade today perhaps as investors worry about the impact of the accelerating falls in house prices across major capital cities such as Sydney and Melbourne. The weakness across the market is fairly broad-based, with some companies even hitting 52-week lows for various different reasons.

So let’s take a look at three businesses that recently hit 52-week lows and consider what might be behind the share price falls.

FAR Ltd (ASX: FAR) is an oil and gas explorer focused on opportunities in West Africa and Senegal in particular. It has been heavily hyped in the past and boasted of two “world class” oil discoveries in offshore Senegal. It also claims to own offshore blocks in Gambia that contain more than 1 billion barrels of oil according to previous estimates. The excitement around its claims has seen the share price reach as high as 14 cents and a more than $700 million valuation. However, as oil prices and the excitement has faded the stock recently hit a 52-week low of 6.5 cents.