GoGold Resources (OTCMKTS:GLGDF) Shares Up 2.2% – Still a Buy?

GoGold Resources Inc. (OTCMKTS:GLGDF) shot up 2.2% on Wednesday . The stock traded as high as $2.35 and last traded at $2.32. 125,807 shares were traded during mid-day trading, a decline of 76% from the average session volume of 526,369 shares. The stock had previously closed at $2.2694.

GoGold Resources Stock Down 0.2%

The company’s fifty day moving average is $2.06 and its two-hundred day moving average is $2.14.

GoGold Resources Company Profile

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.