Cape Town – Gupta-owned Oakbay Resources and Energy’s [JSE:ORL] share price plummeted by over 90% on the JSE on Wednesday, the same day that hackers attacked the company’s websites and shut them down.

The JSE-listed company was trading R20.86 lower at R2.14, with only 30 shares trading. The company, with a market cap of R1.71bn, was working off a price to earnings ratio of -3 382. The JSE average is around 16.

Normally, the JSE freezes any listed company whose share price dives by over 30% in a single session. However, the JSE told Fin24 that Oakbay is listed in the ZA03 segment of the market and this segment does not have circuit breaker alerts.