The Beadell Resources Ltd (ASX:BDR) share price has jumped 2.5 cents higher, or 11.9%, to 23.5 cents on high volume.
Although the share price is now more than 20% higher than its 52-week low, the BDR share price is still down 13% so far in 2017.
According to Google Finance, Beadell Resources Limited is a gold producer, its principal activities including the mining and processing activities at its primary asset Tucano Gold Mine (Tucano) located in Northern Brazil, and exploration for and evaluation of mineral resources in Brazil.
Earlier this year a research note out of Macquarie's equities desk revealed that its analysts had upgraded the gold miner to an outperform rating with a 30 cents price target.
