Stock Track | ZIJIN GOLD INTL Plummets 5.05% Intraday as Parent Zijin Mining Reduces Stake in Chifeng Gold

Stock Track12-16

ZIJIN GOLD INTL's stock plummeted 5.05% during intraday trading on Tuesday, following news that its parent company, Zijin Mining, reduced its stake in Chifeng Gold by 4 million shares.

The stake reduction, valued at approximately HK$120 million, has raised concerns among investors about Zijin Mining's confidence in its subsidiaries or potential liquidity needs. This move has likely contributed to the negative sentiment surrounding ZIJIN GOLD INTL's stock.

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