Lydian International (LYD) Hits New 12-Month Low at $0.09
Shares of Lydian International Ltd. (TSE:LYD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 294000 shares changing hands. The stock had previously closed at C$0.10.
LYD has been the topic of a number of recent analyst reports. Scotiabank reissued an “average” rating and issued a C$0.10 price objective on shares of Lydian International in a research report on Friday, November 16th. National Bank Financial lowered shares of Lydian International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$0.55 to C$0.40 in a research report on Thursday, August 2nd.
The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 147.09.
Lydian International Limited is a gold-focused mineral development company pursuing resources in emerging and transitional geopolitical regions. The Company’s main project is the Amulsar Gold Project, a gold development-stage project located in the Republic of Armenia. The Company holds a combined exploration-mining license covering an early-stage gold prospect known as the Kela Project in the Guri region of the Ozurgeti province in Georgia.
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