Shares of Gammon Gold, Inc. (GRS) hit a new 52-week high on Friday. The stock traded as high as $10.52 during mid-day trading and last traded at $10.43. The stock previously closed at $10.17.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Gammon Gold, Inc. in a research note to investors on Thursday, March 24th. Also, analysts at Brean Murray reiterated a buy rating on shares of Gammon Gold, Inc. in a research note to investors on Friday, March 25th.
Gammon Gold Inc. (Gammon) is a mining company which is also engaged in the exploration for, and development of, gold and silver deposits in Mexico. Through its subsidiaries, the Company owns and operates the Ocampo gold-silver mine in Chihuahua State, Mexico, and the El Cubo gold-silver mine in Guanajuato State, Mexico, both of which are producing gold and silver. Through its subsidiaries, the Company also owns the Guadalupe y Calvo gold-silver exploration project in Chihuahua State, Mexico, and leases the Las Torres gold-silver mine in Guanajuato State, Mexico, which is also producing gold and silver. During the year ended December 31, 2009, the Company sold 133,003 gold ounces and 5,146,584 silver ounces. As of December 31, 2009, Gammons total proven and probable gold equivalent reserves were 2.5 million gold equivalent ounces.
Shares of Gammon Gold, Inc. traded up 2.56% during mid-day trading on Friday, hitting $10.43. Gammon Gold, Inc. has a 52 week low of $5.09 and a 52 week high of $10.50. The stocks 50-day moving average is $9.29 and its 200-day moving average is $7.88. The company has a market cap of $1.449 billion
