GoGold Resources (TSE:GGD) Trading Up 8.4% – Still a Buy?

Shares of GoGold Resources Inc. (TSE:GGD) rose 8.4% during trading on Wednesday . The company traded as high as C$1.56 and last traded at C$1.55. Approximately 323,756 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 772,271 shares. The stock had previously closed at C$1.43.

GoGold Resources Stock Performance

The firm has a market capitalization of C$369.98 million, a price-to-earnings ratio of 159.54 and a beta of 1.50. The business’s 50-day moving average is C$1.65 and its two-hundred day moving average is C$1.44.

Insider Transactions at GoGold Resources

In related news, Director John Stephen Morris Turner purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of C$1.70 per share, with a total value of C$25,486.50. Company insiders own 6.41% of the company’s stock.

About GoGold Resources

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.