how low can you go?

Hi Guys, as my first stock to buy since deciding to try my hand at the share market with 10K, I went for forge at .65 and so far have taken a whopping I am trying to decide to cut my losses or hang in there for the mid-term (a few months). What typically happens if a stock plummets and stays down? I assume the company become devalued and becomes a target for a takeover, which then brings the price back up a little? Is it worth hanging in there on this stock?