JX Luxventure Stock Plunges 45.94% as Reverse Stock Split Sparks Panic

Shares of JX Luxventure plunged 45.94% in pre-market trading on November 21, 2025, marking one of the most severe single-session declines in its recent history. The stock’s freefall occurred amid a volatile session that saw prices swing between $0.2606 and $0.3888, with the current level nearing its 52-week low of $0.2606.

The selloff coincided with a reverse stock split announcement, a move typically intended to avert delisting but often triggering short-term panic. Despite a reported 57% revenue growth in FY2024, the stock failed to attract follow-through buying, signaling investor skepticism about structural risks such as liquidity constraints or regulatory uncertainties. Technical indicators further underscored bearish momentum, with all major moving averages—30D ($0.74), 100D ($0.94), and 200D ($1.65)—acting as overhead resistance. The RSI at 7.34 highlighted extreme oversold conditions, though this may reflect a breakdown rather than a potential rebound.

While broader wholesale distributors saw mixed performance, JX Luxventure’s collapse appeared disconnected from sector trends. Walmart (WMT) rose 6.47% on the same day, reflecting divergent market dynamics. Analysts noted the lack of options liquidity as a compounding factor, leaving investors without hedging tools amid heightened volatility.

Historical backtests of similar 40%+ intraday plunges in JX Luxventure revealed underperformance relative to benchmarks. Over 30-day windows, the stock averaged -34.3% returns, compared to -9.7% for the NASDAQ Composite. Post-crash buying strategies proved ineffective, with win rates dropping to zero by the second week. The data reinforced caution for investors considering “buy-the-dip” tactics, as prolonged drawdowns followed sharp declines in past scenarios.