Goliath Resources (CVE:GOT) Shares Up 0.8% – What’s Next?

Shares of Goliath Resources Limited (CVE:GOT) rose 0.8% during trading on Thursday . The stock traded as high as C$2.59 and last traded at C$2.57. Approximately 214,793 shares traded 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.

Analyst Ratings Changes

Separately, Stifel Canada raised Goliath Resources to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Goliath Resources currently has an average rating of “Strong Buy”.

Goliath Resources Stock Performance

The company’s 50 day simple moving average is C$2.56. The stock has a market capitalization of C$427.67 million, a price-to-earnings ratio of -13.83 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.