New Gold On The Auction Block?

Posted on Thursday, September 13, 2018 10:17 AM

Stock prices in New Gold have increased amidst reports the mining company may be looking to sell itself off.

The report, first published by Reuters News Agency, claims New Gold is working with BMO Capital Markets to find a buyer.

New Gold is not commenting.

Its share prices increased about 25% on Wednesday, reaching just under the dollar mark at the close of markets.

Prices have been on a gradual decline over the past year, selling for $4 last September and reaching 79 cents earlier this week.