Why Equinox Gold Corp. (EQX) crashed on Friday

Recently I published the list Ten shares took a shocking roe. In this article, we’ll look at where Equinox Gold Corp. (Nyseamerican: EQX) competes against other Friday’s worst-performing stocks.

Equinox Gold closed at $6.94 each as investors dropped its share price 5.06% on Friday, bringing its portfolio down amid declining spot prices for gold.

On the same day, Gold fell 1.26% to $3,310.42 per troy ounce, down 1.26% to $3,310.42 amid profits from previous day’s profits.

The aerial view of a large gold mine indicates the extent to which the company operates.

In recent news, Equinox Gold Corp. (Nyseamerican: EQX) has signed a deal with Caliber Mining Corp. for a planned $1.8 billion merger. Under the transaction, Equinox Gold Corp. (Nyseamerican: EQX) acquires all of Caliber’s outstanding and outstanding shares.

The deal is expected to produce mines that previously boosted Equinox Gold Corp. (Nyseamerican: EQX) from 7 to 9.

Once completed, Equinox Gold Corp. (Nyseamerican: EQX) is set to become Canada’s largest gold miner.

The transaction is scheduled to close this month.

Overall, EQX 5th place A list of the worst stocks on Friday. While we acknowledge the potential of EQX as an investment, our conviction lies in the belief that some AI stocks offer higher returns and hold the greater promise of limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. The best short-term AI stock.

Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.

Disclosure: None. This article was originally published Insider Monkey.