Allied Gold Stock Has Soared 150%. One Fund Has Taken a Nearly 8% Portfolio Stake

On May 14, 2026, PSquared Asset Management AG disclosed a new position in Allied Gold (NYSE:AAUC), acquiring 740,000 shares in an estimated $22.36 million trade based on quarterly average pricing.According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG initiated a new position in Allied Gold by acquiring 740,000 shares. The estimated value of the purchase was $22.36 million, calculated using the average closing price for the first quarter of 2026. The quarter-end value of the position was $22.90 million, reflecting the new investment.Allied Gold is a Toronto-based gold producer with a diversified portfolio of mining assets across Africa. Its operations span multiple countries and focus on established gold districts.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool