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Great Basin Gold stock price plunges in heavy trading after delisting review
Original Publication Date: September 13, 2012 5:58AM
Publication Updated: January 9, 2025 4:51AM
VANCOUVER – Great Basin Gold Ltd. (TSX:GBG) lost about one-fifth of its market value Thursday in the heaviest trading volume for a single issue on the Toronto Stock Exchange. The Vancouver-based company, which announced Tuesday that it had suspended operations at the Burnstone mine in South Africa because of a lack of funds, is facing a delisting of its shares from Canada’s largest stock market. Its market value has fallen below $44.2 million. Great Basin Gold’s shares were at eight cents at midday Thursday, down 2.5 cents from Wednesday’s close.
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