GoGold Resources (OTCMKTS:GLGDF) Stock Price Up 0.4% – Here’s Why

GoGold Resources Inc. (OTCMKTS:GLGDF)’s stock price shot up 0.4% during trading on Wednesday . The stock traded as high as $2.3225 and last traded at $2.25. 167,235 shares traded hands during trading, a decline of 68% from the average daily volume of 528,941 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

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

GoGold Resources Price Performance

The stock has a 50-day simple moving average of $2.28 and a 200 day simple moving average of $2.25.

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.