RE:RE:Price holding up well this morning - good sign The fundamentals haven't changed at all, however typically regardless of the reason, any company that cuts their dividend gets hit on the share price following the announcement. Small caps are even more volatile.
One example in 2022 was Syologist - ticker SYZ.TO which suspended their dividend in November 2022 in order to fund growth as revenues were really coming along and the dividend was holding them back. Instant 25% decrease following the announcement which rebounded 100% within 2 weeks. The stock is now trading up 40% or so in the last year.