GGN - GAMCO Global Gold Natural Resources & Income Trust Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of GAMCO Global Gold Natural Resources & Income Trust (NYSE American:GGN) traded at a new 52-week high today of $4.19. So far today approximately 393,000 shares have been exchanged, as compared to an average 30-day volume of 911,000 shares.
GAMCO Global Gold Natural Resources & Income Trust is a non-diversified closed-end management investment company. Its primary investment objective is to provide a high current income and capital appreciation as its secondary objective. To achieve its objective, the fund may invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries. It also intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio.
GAMCO Global Gold Natural Resources & Income Trust (NYSE American:GGN) is currently priced 1.7% above its average consensus analyst price target of $4.11.
Over the past year, GAMCO Global Gold Natural Resources & Income Trust has traded in a range of $3.22 to $4.19 and is now at $4.18, 30% above that low.
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