GoGold Resources (TSE:GGD) Trading 23.6% Higher – Here’s Why

Shares of GoGold Resources Inc. (TSE:GGDGet Free Report) were up 23.6% during mid-day trading on Monday . The stock traded as high as C$2.96 and last traded at C$2.93. Approximately 2,993,216 shares were traded during trading, an increase of 252% from the average daily volume of 850,627 shares. The stock had previously closed at C$2.37.

GoGold Resources Stock Up 20.7%

The business has a fifty day moving average price of C$2.62 and a 200-day moving average price of C$2.27. The company has a market cap of C$1.08 billion, a P/E ratio of 81.71 and a beta of 1.21.

Insider Activity at GoGold Resources

In related news, insider Glenn Jessome sold 185,600 shares of the firm’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 directly 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. Insiders have sold 748,000 shares of company stock valued at $1,974,414 in the last 90 days. Corporate insiders own 6.41% of the company’s stock.

GoGold Resources Company Profile

(Get Free Report)

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.

Further Reading

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