GoGold Resources (TSE:GGD) Shares Up 0.4% – What’s Next?

Shares of GoGold Resources Inc. (TSE:GGD) traded up 0.4% during trading 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 Price Performance

The stock has a market capitalization of C$987.99 million, a PE ratio of 74.57 and a beta of 1.21. The firm’s 50 day simple moving average is C$2.60 and its 200 day simple moving average is C$2.34.

Insider Transactions at GoGold Resources

In other GoGold Resources news, insider Glenn Jessome sold 55,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 773,105 shares in the company, valued at C$2,010,073. This represents a 6.64% decrease in their ownership of the stock. Insiders have sold 748,000 shares of company stock worth $1,974,414 in the last ninety days. Corporate insiders own 6.41% of the company’s stock.

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.