Yakira Capital Loads Up on Shares of This Gold Stock

nasdaq
2026.05.28 19:20
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Yakira Capital Management, Inc. acquired 195,710 shares of Allied Gold Corporation for an estimated $5.91 million, increasing its quarter-end position value to $6.05 million. This new stake represents 1.77% of the fund's assets under management. Allied Gold's stock has risen 151.6% over the past year, currently trading at $29.51. The company is set to produce gold from its Kurmuk Project in Ethiopia and is also being acquired by Zijin Gold, which may drive the stock price higher.