GAMCO Global Gold Natural Resources & Income Trust (NYSE American:GGN) traded today at a new 52-week high of $3.92. So far today approximately 725,000 shares have been exchanged, as compared to an average 30-day volume of 794,000 shares.
The Company primarily seeks to provide a high level of current income. The Funds secondary investment objective is to seek capital appreciation consistent with the Funds strategy and its primary objective. The Fund will attempt to achieve its objective by investing at least 80% of its assets in equity securities of companies principally engaged in gold industry and natural resources industries. As part of its investment strategy, the Fund intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio, but may, in amounts up to 15% of the Funds assets, consist of writing uncovered call options on indices comprised of Gold Companies or Natural Resources Companies or exchange traded funds comprised of such issuers and put options on securities in its portfolio.
Based on a current price of $3.89, GAMCO Global Gold Natural Resources & Income Trust is currently 0.4% above its average consensus analyst price target of $3.88.
In the past 52 weeks, shares of GAMCO Global Gold Natural Resources & Income Trust have traded between a low of $3.12 and a high of $3.92 and is now at $3.89, which is 25% above that low price.
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