GoGold Resources (TSE:GGD) Shares Up 0.4% – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s share price traded up 0.4% during trading on Friday . The company traded as high as C$2.45 and last traded at C$2.42. 748,007 shares were traded during trading, a decline of 20% from the average session volume of 929,375 shares. The stock had previously closed at C$2.41.

GoGold Resources Stock Up 0.4%

The company has a market cap of C$916.05 million, a P/E ratio of 69.14 and a beta of 1.21. The business has a fifty day simple moving average of C$2.59 and a two-hundred day simple moving average of C$2.33.

Insider Buying and Selling at GoGold Resources

In related news, insider Glenn Jessome sold 185,600 shares of the firm’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 of the company’s stock, valued at approximately C$1,269,365.30. This trade represents a 28.00% decrease in their ownership of the stock. In the last quarter, insiders have sold 748,000 shares of company stock valued at $1,974,414. 6.41% of the stock is owned by corporate 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.