GoGold Resources (TSE:GGD) Trading 0.4% Higher – What’s Next?

GoGold Resources Inc. (TSE:GGD)’s stock price rose 0.4% during trading on Thursday . The stock traded as high as C$2.45 and last traded at C$2.42. Approximately 748,007 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 929,375 shares. The stock had previously closed at C$2.41.

GoGold Resources Stock Up 7.9%

The business has a 50 day moving average price of C$2.60 and a 200-day moving average price of C$2.33. The firm has a market cap of C$987.99 million, a price-to-earnings ratio of 74.57 and a beta of 1.21.

Insider Activity at GoGold Resources

In other news, insider Glenn Jessome sold 185,600 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of C$2.66, for a total transaction of C$493,696.00. Following the sale, the insider directly owned 477,205 shares in the company, valued at approximately C$1,269,365.30. This represents a 28.00% decrease in their position. Over the last ninety days, insiders have sold 748,000 shares of company stock valued at $1,974,414. Insiders own 6.41% of the company’s stock.

GoGold Resources Company Profile

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project.