Market Overview

U.S. Global A Way To Play Gold? (GROW)

Share:

U.S. Global Investors, Inc. (NASDAQ: GROW) certainly lives up to its ticker symbol, doesn't it?

Shares up nearly 9% today on strong volume. The stock has been particularly strong in recent weeks, as traders have speculated that it is a derivative on the gold trade, as it specializes in investing in gold.

Shares have moved from a lot of $6.19 on September 23, all the way up to its present $8.47. That is an extraordinary run in just a couple of weeks. It also pays a 3.5% dividend yield, so getting paid to wait for gold might be the way to go.

U.S. Global is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also manages accounts for other pooled investment vehicles, individuals, and corporations.

Posted-In: Long Ideas Movers Trading Ideas

 

Related Articles (GROW)

View Comments and Join the Discussion!

Calls Purchased on Texas Roadhouse (TXRH)

Wedbush Ups The Price Target On (ITMN, TTEK, FDO)