GoGold Resources (OTCMKTS:GLGDF) Stock Price Up 7.5% – Should You Buy?

GoGold Resources Inc. (OTCMKTS:GLGDF) traded up 7.5% during mid-day trading on Wednesday . The company traded as high as $2.8850 and last traded at $2.87. 838,918 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 500,528 shares. The stock had previously closed at $2.67.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of GoGold Resources in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, GoGold Resources currently has an average rating of “Buy”.

GoGold Resources Trading Up 7.5%

The company has a fifty day moving average of $2.33 and a 200-day moving average of $2.26.

GoGold Resources Company Profile

GoGold Resources Inc is a Canada-based junior precious metals company focused on the exploration, development and production of gold and silver projects in Mexico. The company’s flagship asset is the Parral Tailings project in the state of Chihuahua, where it processes historical mill tailings through a custom-designed carbon-in-pulp (CIP) plant. GoGold also holds the extensive Los Ricos project in Jalisco, featuring both North and South zones with high-grade veins and bulk-tonnage targets, which it continues to advance through systematic drilling and resource definition programs.

Founded in 2007 and publicly listed on the OTC Markets under the symbol GLGDF (and on the Toronto Stock Exchange Venture under GGD), GoGold Resources has built its portfolio by acquiring under-explored or overlooked deposits and applying modern exploration techniques.