GoGold Resources Inc. (OTCMKTS:GLGDF – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 3,780,800 shares, a growth of 20.4% from the July 15th total of 3,139,600 shares. Based on an average daily volume of 113,100 shares, the short-interest ratio is currently 33.4 days.

GoGold Resources Trading Down 2.6 %

Shares of OTCMKTS:GLGDF traded down $0.05 during midday trading on Monday, hitting $1.95. The company had a trading volume of 53,543 shares, compared to its average volume of 95,143. The company has a fifty day moving average of $1.68 and a two-hundred day moving average of $2.01. GoGold Resources has a 12-month low of $1.25 and a 12-month high of $3.07.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their target price on shares of GoGold Resources from C$4.10 to C$3.50 in a research report on Thursday, July 14th.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

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