GoGold Resources (TSE:GGD) Stock Price Up 23.6% – Should You Buy?

GoGold Resources Inc. (TSE:GGD)’s stock price shot up 23.6% during trading on Monday . The stock traded as high as C$2.96 and last traded at C$2.93. 2,993,216 shares traded hands during mid-day trading, an increase of 252% from the average session volume of 850,627 shares. The stock had previously closed at C$2.37.

GoGold Resources Stock Up 20.7%

The stock has a market cap of C$1.08 billion, a PE ratio of 81.71 and a beta of 1.21. The stock has a 50-day moving average of C$2.62 and a 200 day moving average of C$2.27.

Insider Activity at GoGold Resources

In other news, insider Glenn Jessome sold 185,600 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of C$2.66, for a total transaction 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. The trade was a 28.00% decrease in their position. In the last 90 days, insiders sold 748,000 shares of company stock worth $1,974,414. 6.41% of the stock is owned by insiders.

About GoGold Resources

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.