Calgary-based Pieridae Energy, which has been the driving force behind a challenging liquefied natural gas project in eastern Canada for the past decade, could be sold or merged.

The company’s stock, listed in Toronto, was trading at C$0.34 (US$0.27) at close of play on Friday, close to its all-time low and a world away from its mid-2011 peak of almost C$24.

Pieridae has been trying to make the two-train Goldboro LNG project in Nova Scotia fly since 2012, but earlier this month admitted defeat due to cost, schedule and partnering issues, saying that it could not satisfy the conditions to take the final investment decision.