GoGold Resources Inc. (OTCMKTS:GLGDF – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,533,000 shares, a growth of 8.4% from the March 31st total of 1,414,500 shares. Based on an average daily volume of 211,000 shares, the days-to-cover ratio is currently 7.3 days.
Analysts Set New Price Targets
Separately, BMO Capital Markets raised their price objective on GoGold Resources from C$3.40 to C$3.50 in a report on Thursday, January 12th.
Get GoGold Resources alerts:GoGold Resources Trading Up 2.3 %
Shares of OTCMKTS:GLGDF traded up $0.03 on Monday, reaching $1.33. The company had a trading volume of 130,096 shares, compared to its average volume of 88,312. GoGold Resources has a 52-week low of $1.00 and a 52-week high of $2.22. The firm's 50 day simple moving average is $1.48 and its 200-day simple moving average is $1.49.
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.
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