Blue Gold (BGL) shares were up nearly 500% in recent premarket activity Friday, a day after their debut on the Nasdaq Stock Market.
Blue Gold, a mining company developing a portfolio of assets anchored by the Bogoso Prestea mine in Ghana, said late Thursday it completed its merger with special purpose acquisition company Perception Capital Corp. IV.
Blue Gold's ordinary shares and warrants began Nasdaq trading Thursday under the ticker symbols BGL and BGLWW, respectively. The shares slumped 29% on debut.
Blue Gold said it acquired the Bogoso Prestea mine in 2024. The mine is currently scheduled to restart operations in 2025.
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