GoGold Resources (TSE:GGD) Stock Price Down 0.2% – Here’s What Happened

Shares of GoGold Resources Inc. (TSE:GGD) fell 0.2% during mid-day trading on Wednesday . The stock traded as low as C$3.96 and last traded at C$4.05. 1,121,777 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,865,019 shares. The stock had previously closed at C$4.06.

GoGold Resources Stock Performance

The company has a quick ratio of 8.30, a current ratio of 5.83 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is C$3.71 and its 200-day moving average is C$3.27. The firm has a market capitalization of C$1.90 billion, a P/E ratio of 39.82 and a beta of 2.34.

GoGold Resources (TSE:GGD) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.04 earnings per share for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%.The business had revenue of C$39.44 million for the quarter. As a group, equities analysts anticipate that GoGold Resources Inc. will post 0.0349744 EPS for the current year.

GoGold Resources Company Profile

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.