Shares for the retail group, which includes GAME and gamestation, opened at 5.57p this morning, climbed to 5.98p, before plunging to as little as 4.89p, reports MCV.
Currently valued at 5p per share, the prices plummeted after it was revealed that future EA titles would not be stocked beyond this week's SSX release.
US retailer GameStop, meanwhile, has expressed interest in purchasing GAME, but does not want to take over its Australian stores.
Following a $3bn Christmas trading period, the retail giant is reportedly interested in moving into UK and Spanish regions, despite recently closing stores in Portugal and Northern Ireland.
It was previously linked with a move to take over the now defunct high street chain Woolworths in 2008.
Earlier this month, GAME announced 35 store closures and said that it is going to shut sister website gameplay.co.uk.
GAME recently received lender support to alleviate financial troubles following apparent concern by publisher EA.
The high street retailer's shares plummeted by 90% in 2011, despite £1 billion in annual turnover.
> Everything must go: Is this the death of games retail?
Watch a trailer for EA's final GAME release SSX below: