Labrador Gold Corp. (OTC:NKOSF – Get Rating) shares traded up 2.7% during trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.21. 126,687 shares traded hands during trading, an increase of 54% from the average session volume of 82,199 shares. The stock had previously closed at C$0.20.

Analysts Set New Price Targets

Separately, Noble Financial began coverage on Labrador Gold in a research report on Friday, January 13th. They issued a "buy" rating and a $0.55 target price for the company.

Labrador Gold Stock Performance

The company has a 50 day simple moving average of C$0.22 and a 200-day simple moving average of C$0.23.

Labrador Gold Company Profile

Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas. The company owns a 100% interest in the Borden Lake property that covers an area of 1,598-hectares located in Chapleau, Ontario. It has an option to acquire 100% interest in the Ashuanipi property consisting of 1,564 Claims in 10 claim blocks covering an area of approximately 391 square kilometers located in Labrador, Quebec; the Kingsway property consisting of 264 claims in 3 licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in 5 licenses covering 249 square kilometers.

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