The ailing gold price has battered the share price of most locally listed gold stocks this year but for Doray Minerals , even the well received news of a merger with Mutiny Gold hasn’t been able to prevent a considerable slide.

Shares in Doray hit a year-low of 34¢ on Monday, with the stock down 68.8 per cent from a high of $1.09 in ­February and about 34 per cent since announcing the merger last week.