GNT - GAMCO Natural Resources Gold & Income Trust: 52-Week High Recently Eclipsed (GNT)
Shares of GAMCO Natural Resources Gold & Income Trust (NYSE:GNT) traded today at $5.74, eclipsing its 52-week high. This new high was reached on below average trading volume as 80,000 shares traded hands, while the average 30-day volume is approximately 122,000 shares.
In the past 52 weeks, GAMCO Natural Resources Gold & Income Trust share prices are bracketed by a low of $4.38 and a high of $5.74 and is now at $5.59, 28% above that low price.
GAMCO Natural Resources Gold & Income Trust (NYSE:GNT) is currently priced 0.3% above its average consensus analyst price target of $5.57.
The Funds primary investment objective is to provide a high level of current income from interest, dividends and option premiums. The Funds secondary investment objective is to seek capital appreciation consistent with the Funds strategy and its primary objective. To meet the objective of providing a high level of current income, the Fund intends to invest in income producing securities such as equity securities, convertible securities and other securities and earn short-term gains from a strategy of writing covered call options on equity securities in its portfolio. The Fund will seek dividend income through investments in equity securities such as common stock or convertible preferred stock. The Fund will seek interest income through investments in convertible or corporate bonds.
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