GoGold Resources (TSE:GGD) Shares Cross Below 200-Day Moving Average – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$3.39 and traded as low as C$3.13. GoGold Resources shares last traded at C$3.23, with a volume of 1,596,960 shares.

GoGold Resources Stock Performance

The company’s 50-day moving average price is C$4.06 and its two-hundred day moving average price is C$3.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.30 and a current ratio of 5.83. The stock has a market cap of C$1.40 billion, a PE ratio of 29.36 and a beta of 2.07.

GoGold Resources (TSE:GGD) last announced its earnings results on Wednesday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$39.44 million during the quarter. GoGold Resources had a net margin of 49.86% and a return on equity of 11.73%. On average, equities research analysts forecast that GoGold Resources Inc. will post 0.03 EPS for the current year.

About GoGold Resources

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.