Short Interest in GoGold Resources Inc. (OTCMKTS:GLGDF) Increases By 32.1%

GoGold Resources Inc. (OTCMKTS:GLGDF) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 4,180,300 shares, a growth of 32.1% from the July 31st total of 3,165,000 shares. Based on an average daily trading volume, of 298,000 shares, the days-to-cover ratio is currently 14.0 days. Based on an average daily trading volume, of 298,000 shares, the days-to-cover ratio is currently 14.0 days.

GoGold Resources Price Performance

Shares of GoGold Resources stock opened at $1.89 on Thursday. The business has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.43. GoGold Resources has a 12 month low of $0.72 and a 12 month high of $1.93.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.