GoGold Resources (TSE:GGD) Trading 0.4% Higher – Still a Buy?

GoGold Resources Inc. (TSE:GGD)’s stock price shot up 0.4% on Friday . The stock traded as high as C$2.45 and last traded at C$2.42. 748,007 shares changed hands during trading, a decline of 20% from the average session volume of 929,375 shares. The stock had previously closed at C$2.41.

GoGold Resources Stock Performance

The company has a market capitalization of C$916.05 million, a price-to-earnings ratio of 69.14 and a beta of 1.21. The business’s 50-day simple moving average is C$2.59 and its 200-day simple moving average is C$2.33.

Insider Activity

In other GoGold Resources news, insider Glenn Jessome sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of C$2.60, for a total transaction of C$143,000.00. Following the sale, the insider directly owned 773,105 shares in the company, valued at approximately C$2,010,073. This trade represents a 6.64% decrease in their position. Insiders sold 748,000 shares of company stock valued at $1,974,414 in the last ninety days. 6.41% of the stock is owned by corporate insiders.

About GoGold Resources

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.