Lydian International (LYD) Reaches New 1-Year Low at $0.09

Lydian International Ltd. (TSE:LYD) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 294000 shares traded. The stock had previously closed at C$0.10.

A number of research analysts have recently commented on LYD shares. Scotiabank reiterated an “average” rating and set a C$0.10 price target on shares of Lydian International in a report on Friday, November 16th. National Bank Financial lowered Lydian International from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$0.55 to C$0.40 in a report on Thursday, August 2nd.

The company has a debt-to-equity ratio of 170.47, a quick ratio of 0.03 and a current ratio of 0.08.

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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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