Eldorado Gold Bounces Back After Hitting Cheapest Level Since 1998

Gold Silver Reports (GSR) – 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.                            

Eldorado Gold Corp. just had its best day in the stock market in six months. This chart may help show why.

Read More: Gold Is Heading to $1400 If Trade War Breaks Out

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. – Neal Bhai Reports (NBR)

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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