GoGold Resources Inc. (OTCMKTS:GLGDF – Get Rating) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 3,614,000 shares, a drop of 10.8% from the August 15th total of 4,050,800 shares. Based on an average daily volume of 105,900 shares, the short-interest ratio is presently 34.1 days.

GoGold Resources Price Performance

Shares of OTCMKTS GLGDF opened at $1.19 on Wednesday. GoGold Resources has a 1 year low of $1.05 and a 1 year high of $3.07. The firm has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.85.

Analyst Ratings Changes

Separately, BMO Capital Markets decreased their price objective on shares of GoGold Resources from C$4.10 to C$3.50 in a research note 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.

Further Reading

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