Lydian International Ltd. (TSE:LYD) was up 15.4% on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 118,300 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 317,668 shares. The stock had previously closed at C$0.13.
Separately, National Bank Financial reiterated a “sector perform” rating and issued a C$0.25 price objective on shares of Lydian International in a research report on Tuesday, January 22nd.
The stock has a market capitalization of $120.99 million and a price-to-earnings ratio of -0.72. The company has a debt-to-equity ratio of 653.27, a current ratio of 0.06 and a quick ratio of 0.04.
About Lydian International (TSE:LYD)
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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