GoGold Resources (TSE:GGD) Shares Down 2.7% – Should You Sell?

GoGold Resources Inc. (TSE:GGD) fell 2.7% during trading on Tuesday . The stock traded as low as C$1.09 and last traded at C$1.09. 380,413 shares changed hands during trading, a decline of 38% from the average session volume of 614,567 shares. The stock had previously closed at C$1.12.

GoGold Resources Stock Performance

The stock’s 50 day moving average price is C$1.36 and its two-hundred day moving average price is C$1.34. The company has a current ratio of 7.80, a quick ratio of 8.30 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of C$359.19 million, a price-to-earnings ratio of -109.00 and a beta of 1.50.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.