GoGold Resources (TSE:GGD) Shares Down 3.5% – What’s Next?

GoGold Resources Inc. (TSE:GGD)’s share price was down 3.5% during mid-day trading on Thursday . The stock traded as low as C$1.55 and last traded at C$1.64. Approximately 809,340 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 768,052 shares. The stock had previously closed at C$1.70.

GoGold Resources Stock Performance

The stock’s 50-day moving average is C$1.65 and its 200 day moving average is C$1.44. The stock has a market capitalization of C$349.04 million, a PE ratio of 150.51 and a beta of 1.50.

Insider Transactions at GoGold Resources

In other GoGold Resources news, Director John Stephen Morris Turner acquired 15,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of C$1.70 per share, for a total transaction of C$25,486.50. Insiders own 6.41% of the company’s stock.

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.