Nord Gold SE on Jan. 31 confirmed that it is considering the potential delisting of its global depositary receipts from the London Stock Exchange.

The company said its board continues to consider options to maximize shareholder value, but noted that no decision has been made yet and there is no assurance that the company will delist.

Russian newspaper Kommersant reported earlier that the company was unhappy with the low price and liquidity of its shares and could delist or buy out minority shareholders, Reuters wrote in a same-day report.