Lydian International (LYD) Shares Down 10%

Lydian International Ltd. (TSE:LYD) shares were down 10% during mid-day trading on Friday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 226,450 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 395,177 shares. The stock had previously closed at C$0.20.

Separately, National Bank Financial lowered Lydian International from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$0.55 to C$0.40 in a research report on Thursday, August 2nd.

Lydian International (TSE:LYD) last announced its earnings results on Tuesday, August 14th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$0.13 million during the quarter.

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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