GoGold Resources (OTCMKTS:GLGDF) Stock Price Up 7.5% – Still a Buy?

GoGold Resources Inc. (OTCMKTS:GLGDF) rose 7.5% on Wednesday . The company traded as high as $2.8850 and last traded at $2.87. 838,918 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 500,528 shares. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of GoGold Resources in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, GoGold Resources currently has a consensus rating of “Buy”.

GoGold Resources Price Performance

The company has a 50 day simple moving average of $2.34 and a 200 day simple moving average of $2.26.

About GoGold Resources

GoGold Resources Inc is a Canada-based junior precious metals company focused on the exploration, development and production of gold and silver projects in Mexico. The company’s flagship asset is the Parral Tailings project in the state of Chihuahua, where it processes historical mill tailings through a custom-designed carbon-in-pulp (CIP) plant. GoGold also holds the extensive Los Ricos project in Jalisco, featuring both North and South zones with high-grade veins and bulk-tonnage targets, which it continues to advance through systematic drilling and resource definition programs.

Founded in 2007 and publicly listed on the OTC Markets under the symbol GLGDF (and on the Toronto Stock Exchange Venture under GGD), GoGold Resources has built its portfolio by acquiring under-explored or overlooked deposits and applying modern exploration techniques.