Shares of Eldorado Gold Corporation (NYSE:EGO) closed up by 6.98 percent on strong trading volume of more than 5,775,066 shares. Eldorado Gold Corporation (NYSE:EGO) opened this morning at $2.97 and closed at the high of the day at $3.22 per share.
Eldorado Gold Corporation (NYSE:EGO), together with its subsidiaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores.
Last month on August 31st, Integra Gold Corp. (TSX VENTURE: ICG) announced the closing of a $14.6 Million Private Placement With Eldorado Gold. Eldorado Gold Corporation (NYSE:EGO now holds more than 14.96 percent of Integra Gold Corp. (TSX VENTURE: ICG) common shares.
Under the terms of the agreement, Eldorado Gold Corporation (NYSE:EGO), purchased 52,058,200 common shares of Integra Gold Corp. (TSX VENTURE: ICG) at a price of $0.28 per share for gross proceeds of $14,576,296.
Take a look at the 1 day chart its looks perfect.
Eldorado Gold Corporation (NYSE:EGO) rallied in todays trading session. We could see this stock get strong and strong as gold ticks up. TD securities has a rating of hold while RBS Capital Markets has a rating of outperform from $5.50 to $6.50 per share. Keep you eye on gold stocks.
