| Eldorado Gold Bounces Back After Hitting Cheapest Level Since 1998 | |
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Eldorado Gold Corp. just had its best day in the stock market in six months. This chart may help show why. A more than 40 percent plunge this year through Monday took the stock to its cheapest level in two decades on a price-to-book basis, which may have flushed out valuation seekers. A more fundamental reason could be speculation surrounding the outcome of arbitration affecting the company’s assets in Greece, according to Kerry Smith, an analyst with Haywood Securities. The 90-day arbitration period is set to end April 6. In September , the company said it would suspend all operations in Greece, citing delays acquiring routine permits. Eldorado declined to comment on its share trading. More from Bloomberg.com Read Eldorado Gold Bounces Back After Hitting Cheapest Level Since 1998 on bloomberg.com |
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Eldorado Gold Corporation
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.5 billions as of today (US$ 10.6 billions, € 9.9 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on April 25, 2024 at CA$ 20.20. Eldorado Gold has 716 820 032 shares outstanding. |