Energold Drilling Breaks Above 200-Day Moving Average - Bullish for EGD

In trading on Friday, shares of Energold Drilling Corp (TSXV: EGD.TO) crossed above their 200 day moving average of $1.83, changing hands as high as $1.90 per share. Energold Drilling Corp shares are currently trading up about 8.6% on the day. The chart below shows the one year performance of EGD shares, versus its 200 day moving average:

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Energold Drilling Corp 200 Day Moving Average Chart

Looking at the chart above, EGD's low point in its 52 week range is $1.43 per share, with $2.71 as the 52 week high point — that compares with a last trade of $1.90.