GoGold Resources (TSE:GGD) Stock Price Up 8.7% – Still a Buy?

Shares of GoGold Resources Inc. (TSE:GGD) rose 8.7% on Friday . The stock traded as high as C$2.65 and last traded at C$2.63. Approximately 907,532 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 926,596 shares. The stock had previously closed at C$2.42.

GoGold Resources Stock Up 8.7%

The company has a market cap of C$995.54 million, a price-to-earnings ratio of 75.14 and a beta of 1.21. The firm has a 50 day moving average price of C$2.59 and a two-hundred day moving average price of C$2.33.

Insider Transactions at GoGold Resources

In other news, insider Glenn Jessome sold 185,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of C$2.66, for a total value of C$493,696.00. Following the transaction, the insider owned 477,205 shares in the company, valued at approximately C$1,269,365.30. The trade was a 28.00% decrease in their position. In the last three months, insiders have sold 748,000 shares of company stock worth $1,974,414. 6.41% of the stock is currently owned by company insiders.

GoGold Resources Company Profile

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.