GoGold Resources (TSE:GGD) Sets New 52-Week High – Time to Buy?

GoGold Resources Inc. (TSE:GGD)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$4.55 and last traded at C$4.51, with a volume of 503251 shares traded. The stock had previously closed at C$4.40.

GoGold Resources Stock Down 5.4%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.30 and a current ratio of 5.83. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 39.55 and a beta of 2.34. The business’s 50 day moving average is C$3.81 and its 200 day moving average is C$3.30.

GoGold Resources (TSE:GGD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$39.44 million for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%. Equities analysts expect that GoGold Resources Inc. will post 0.0349744 earnings per share for the current year.

GoGold Resources Company Profile

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.