Goliath Resources (CVE:GOT) Stock Price Up 0.8% – Here’s What Happened

Goliath Resources Limited (CVE:GOT) was up 0.8% during mid-day trading on Thursday . The stock traded as high as C$2.59 and last traded at C$2.57. Approximately 214,793 shares changed hands during trading, a decline of 21% from the average daily volume of 272,428 shares. The stock had previously closed at C$2.55.

Wall Street Analyst Weigh In

Separately, Stifel Canada raised shares of Goliath Resources to a “strong-buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Goliath Resources Stock Performance

The company’s 50 day moving average is C$2.56. The stock has a market capitalization of C$441.41 million, a price-to-earnings ratio of -14.28 and a beta of 1.37.

Goliath Resources Ltd. (CVE: GOT) is a Canadian junior mineral exploration company. It is principally engaged in the acquisition, exploration and advancement of mineral properties with a focus on discovering and delineating precious and base metal deposits. Goliath operates as an exploration-stage company, pursuing targets through early- to mid-stage field work and drill programs rather than operating producing mines.

The company’s core activities include project generation and property acquisition, geological mapping, surface sampling, geophysical and geochemical surveys, and diamond drilling to test and expand mineralized zones.