GoGold Resources (TSE:GGD) Shares Up 1.5% – Time to Buy?

GoGold Resources Inc. (TSE:GGD)’s share price rose 1.5% on Monday. The company traded as high as C$3.50 and last traded at C$3.47. Approximately 971,705 shares changed hands during trading, a decline of 45% from the average daily volume of 1,754,294 shares. The stock had previously closed at C$3.42.

GoGold Resources Stock Up 1.5%

The firm has a 50 day simple moving average of C$4.10 and a two-hundred day simple moving average of C$3.38. The company has a market capitalization of C$1.50 billion, a PE ratio of 31.55 and a beta of 2.07. The company has a current ratio of 5.83, a quick ratio of 8.30 and a debt-to-equity ratio of 0.20.

GoGold Resources (TSE:GGD) last released its earnings results on Wednesday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%. The business had revenue of C$39.44 million for the quarter. Research analysts expect that GoGold Resources Inc. will post 0.03 EPS for the current year.

About GoGold Resources

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.