GoGold Resources (TSE:GGD) Shares Up 0.4% – Here’s What Happened

GoGold Resources Inc. (TSE:GGD)’s share price rose 0.4% during trading on Friday . The company traded as high as C$2.45 and last traded at C$2.42. Approximately 748,007 shares changed hands 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 Price Performance

The business’s fifty day simple moving average is C$2.60 and its 200 day simple moving average is C$2.34. The stock has a market cap of C$987.99 million, a price-to-earnings ratio of 74.57 and a beta of 1.21.

Insiders Place Their Bets

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

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.