CATALIST-LISTED gold miner LionGold Corp's counter was one of the most actively traded shortly after markets opened on Friday.
At 9.25am, the counter recorded more than 101.9 million shares changing hands.
The stock was down 20 per cent or S$0.001 to S$0.004.
LionGold was one of three small firms which set off a penny stock meltdown in October 2013.
Last August, its independent auditor PwC said it was supposed to express an opinion on the statements for the 2015 financial year after its audit.
But the auditor could not get enough appropriate audit evidence to provide a basis for an audit opinion, so it issued a "disclaimer of opinion" - essentially a rap on the knuckles for LionGold.