GoGold Resources Inc. (OTCMKTS:GLGDF – Get Rating) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,533,000 shares, an increase 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.

Wall Street Analyst Weigh In

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

GoGold Resources Trading Up 2.3 %

Shares of GLGDF traded up $0.03 during mid-day trading on Tuesday, reaching $1.33. 138,721 shares of the stock traded hands, compared to its average volume of 88,417. GoGold Resources has a 12-month low of $1.00 and a 12-month high of $2.22. The stock has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.49.

About GoGold Resources

(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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