GoGold Resources Inc. (OTCMKTS:GLGDF) Sees Significant Drop in Short Interest

GoGold Resources Inc. (OTCMKTS:GLGDF) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 2,044,500 shares, a drop of 7.5% from the July 31st total of 2,211,100 shares. Based on an average daily volume of 219,000 shares, the days-to-cover ratio is currently 9.3 days.

GoGold Resources Price Performance

GLGDF opened at $0.82 on Wednesday. The company’s 50 day simple moving average is $0.99 and its two-hundred day simple moving average is $0.99. GoGold Resources has a 1-year low of $0.70 and a 1-year high of $1.31.

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.