GoGold Resources (TSE:GGD) Trading 0.4% Higher – What’s Next?

GoGold Resources Inc. (TSE:GGD)’s stock price traded up 0.4% during trading on Friday . The company 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 firm has a market capitalization of C$987.99 million, a price-to-earnings ratio of 74.57 and a beta of 1.21. The stock’s fifty day moving average price is C$2.60 and its two-hundred day moving average price is C$2.34.

Insiders Place Their Bets

In other GoGold Resources news, insider Glenn Jessome sold 55,000 shares of GoGold Resources stock in a transaction dated Friday, September 26th. The stock was 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 of the company’s stock, valued at C$2,010,073. The trade was a 6.64% decrease in their position. Insiders sold 748,000 shares of company stock valued at $1,974,414 in the last 90 days. 6.41% of the stock is 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.