GoGold Resources (TSE:GGD) Shares Up 0.4% – Time to Buy?

Shares of GoGold Resources Inc. (TSE:GGD) 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 were traded during mid-day 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 Trading Up 7.9%

The company has a market capitalization of C$987.99 million, a PE ratio of 74.57 and a beta of 1.21. The firm has a 50 day simple moving average of C$2.60 and a two-hundred day simple moving average of C$2.34.

Insider Activity at GoGold Resources

In other news, insider Glenn Jessome sold 55,000 shares of GoGold Resources 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 sale, the insider owned 773,105 shares of the company’s stock, valued at C$2,010,073. The trade was a 6.64% decrease in their ownership of the stock. In the last ninety days, insiders have sold 748,000 shares of company stock valued at $1,974,414. 6.41% of the stock is currently owned by company 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.