Galleon Gold Upgrades to OTCQX Market to Boost U.S. Investor Reach

Galleon Gold ( (TSE:GGO) ) has shared an announcement.

Galleon Gold has graduated to the OTCQX Best Market in the United States and has begun trading under the symbol “GGOXF,” moving up from the OTC Pink Basic Market tier. Management says the upgrade should enhance the company’s visibility among U.S. investors, improve trading liquidity, and broaden its shareholder base by providing more efficient and cost-effective access to U.S. capital markets, potentially supporting the funding and development of its flagship West Cache Gold Project in Ontario.

The most recent analyst rating on (TSE:GGO) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Galleon Gold stock, see the TSE:GGO Stock Forecast page.

Spark’s Take on TSE:GGO Stock

According to Spark, TipRanks’ AI Analyst, TSE:GGO is a Neutral.

The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and higher debt). This is partially offset by strong technical momentum (price above key moving averages with positive MACD). Valuation contributes negatively because earnings are negative and there is no dividend yield.

To see Spark’s full report on TSE:GGO stock, click here.

More about Galleon Gold

Galleon Gold Corp. is an advanced mineral exploration and development company focused on the West Cache Gold Project near Timmins, Ontario, a prolific Canadian mining district. Located close to existing operations such as Pan American Silver’s Timmins West Mine and Discovery Silver’s Hollinger Mine, the company is pursuing a disciplined, de-risking strategy aimed at resource growth, including an upcoming 86,500-tonne bulk sample program to further advance the project toward potential production.

Average Trading Volume: 472,351

Technical Sentiment Signal: Buy

Current Market Cap: C$157.2M

For detailed information about GGO stock, go to TipRanks’ Stock Analysis page.