GoGold Resources (TSE:GGD) Stock Price Up 7.3% – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s share price rose 7.3% on Wednesday . The company traded as high as C$1.47 and last traded at C$1.47. Approximately 118,733 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 548,117 shares. The stock had previously closed at C$1.37.

GoGold Resources Price Performance

The company has a current ratio of 7.80, a quick ratio of 8.30 and a debt-to-equity ratio of 0.28. The company has a market capitalization of C$464.64 million, a PE ratio of -141.00 and a beta of 1.50. The stock’s 50-day moving average is C$1.24 and its two-hundred day moving average is C$1.32.

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.