Dreamworld operator Ardent Leisure shares have been hit hard by investors, losing 20 per cent at the opening of trade after Tuesday's tragic accident at the theme park, which claimed the lives of four people.
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The stock was down 29¢, or 12.3 per cent, at $2.06 as of 2:35pm in Sydney, pushing its market value below the $1 billion mark to $971 million. The declines come on top of an 7.8 per cent fall the company suffered on Tuesday after news broke of the fatal malfunction of its Thunder River Rapids ride.
Dreamworld opened in the 1981 and was bought by Macquarie Leisure Trust in 1999.
It comes as the Gold Coast theme park is preparing to open one of its biggest attractions next month, Australia's first Lego Certified Store.
Ardent Leisure's chief executive Deborah Thomas has said the store would be the largest retail outlet at Dreamworld and would encourage more people to visit the park more often.
Set to face its shareholders in the wake of the disaster, the company is scheduled to hold its annual general meeting in Sydney on Thursday.
