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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Post by oilisswellon Feb 18, 2022 12:36pm
316 Views
Post# 34442315

GGD down as expected

GGD down as expectedBought deal financing caught a lot of shareholders off guard. Timing is odd!

Lots of sellers and lots of buyers taking advantage of the cheap price.


1
  Level ll Quote
  Bid   Ask
  Price   Total Size   # of Orders   Price   Total Size   # of Orders
$2.91 2300 8 $2.92 18500 15
$2.90 8100 14 $2.93 9500 14
$2.89 7100 10 $2.94 6700 10
$2.88 18300 13 $2.95 15300 9
$2.87 13200 11 $2.96 5100 2
$2.86 56900 11 $2.97 3100 2
$2.85 38100 7 $2.98 100 1
$2.84 46100 3 $2.99 5100 2
$2.83 11900 5 $3.00 2800 4
$2.82 1300 3 $3.01 100  
Last: 2.91   Change: -0.27   Volume: 1,326,101   Last Trade: 12:31

GGD must be working on something to warrant raising capital now. They have plenty of cash on hand and are almost fully funded by Parral. This would fit in with advancing LRS. Once the dust settles and investors realize the minimal dilution, the SP should recover. More news would help. GLTA holding and buying in.

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