GoGold Resources (OTCMKTS:GLGDF) Trading Up 5.7% – Here’s Why

GoGold Resources Inc. (OTCMKTS:GLGDF) rose 5.7% on Friday . The stock traded as high as $2.29 and last traded at $2.27. Approximately 410,011 shares changed hands during trading, an increase of 52% from the average daily volume of 270,300 shares. The stock had previously closed at $2.1470.

GoGold Resources Price Performance

The company has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $1.78.

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.