GoGold Resources (TSE:GGD) Trading Up 0.4% – Should You Buy?

GoGold Resources Inc. (TSE:GGD)’s share price was up 0.4% on Friday . The stock traded as high as C$2.45 and last traded at C$2.42. Approximately 748,007 shares changed hands during 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 Trading Up 7.9%

The company has a market capitalization of C$987.99 million, a P/E ratio of 74.57 and a beta of 1.21. The business’s fifty day moving average price is C$2.60 and its 200-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 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. Insiders sold a total of 748,000 shares of company stock worth $1,974,414 in the last quarter. Company 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.