Highland Shares Plunge Following Barrick Discounted Stake Sale

Bloomberg reported that shares of Highland Gold (LSE:HGM) dropped sharply after Barrick Gold (NYSE:ABX) sold its stake in the company at a discount.

As quoted in the market news:

Barrick Gold, the world’s largest producer, sold its stake in Highland Gold to undisclosed “institutional investors” at 120 pence a share, according to a statement today. The shares closed at 131.5 pence yesterday.

Click here to read the full Bloomberg report.