GoGold Resources Inc. (OTCMKTS:GLGDF – Get Rating) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,603,000 shares, a decline of 18.0% from the January 15th total of 1,954,400 shares. Based on an average daily volume of 298,000 shares, the short-interest ratio is presently 5.4 days.

GoGold Resources Stock Performance

Shares of GoGold Resources stock traded down $0.06 during trading hours on Thursday, hitting $1.53. The company's stock had a trading volume of 50,602 shares, compared to its average volume of 114,461. The firm has a fifty day moving average of $1.66 and a 200-day moving average of $1.46. GoGold Resources has a twelve month low of $1.00 and a twelve month high of $2.82.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lifted their target price on GoGold Resources from C$3.40 to C$3.50 in a report on Thursday, January 12th.

GoGold Resources Company Profile

(Get Rating)

Gogold Resources, Inc engages in the exploration, development and production of gold and silver. It operates through Mexico and Canada geographical segments. The company was founded on January 18, 2008 and is headquartered in Halifax, Canada.

Further Reading

• Get a free copy of the StockNews.com research report on GoGold Resources (GLGDF)
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