GoGold Resources (TSE:GGD) Trading 6.3% Higher – What’s Next?

GoGold Resources Inc. (TSE:GGD) traded up 6.3% on Wednesday . The stock traded as high as C$1.54 and last traded at C$1.52. 258,935 shares were traded during mid-day trading, a decline of 66% from the average session volume of 770,962 shares. The stock had previously closed at C$1.43.

GoGold Resources Trading Up 10.5 %

The firm has a 50 day moving average price of C$1.65 and a two-hundred day moving average price of C$1.44. The firm has a market capitalization of C$367.66 million, a price-to-earnings ratio of 158.54 and a beta of 1.50.

Insiders Place Their Bets

In related news, Director John Stephen Morris Turner bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of C$1.70 per share, for a total transaction of C$25,486.50. 6.41% of the stock is owned by insiders.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.