GoGold Resources Inc. (TSE:GGD – Get Free Report)’s share price shot up 8.7% on Friday . The company traded as high as C$2.65 and last traded at C$2.63. 907,532 shares changed hands during trading, a decline of 2% from the average session volume of 926,596 shares. The stock had previously closed at C$2.42.
GoGold Resources Price Performance
The stock’s 50-day moving average is C$2.60 and its two-hundred day moving average is C$2.34. The company has a market cap of C$987.99 million, a P/E ratio of 74.57 and a beta of 1.21.
Insider Activity
In other news, insider Glenn Jessome sold 185,600 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of C$2.66, for a total value of C$493,696.00. Following the transaction, the insider directly owned 477,205 shares in the company, valued at C$1,269,365.30. This trade represents a 28.00% decrease in their position. In the last quarter, insiders sold 748,000 shares of company stock valued at $1,974,414. 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.
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