GoGold Resources (TSE:GGD) Stock Price Up 0.4% – Time to Buy?

GoGold Resources Inc. (TSE:GGD)’s stock price rose 0.4% during trading on Thursday . The company traded as high as C$2.45 and last traded at C$2.42. Approximately 748,007 shares traded hands during trading, a decline of 20% from the average daily volume of 929,375 shares. The stock had previously closed at C$2.41.

GoGold Resources Stock Performance

The firm has a market capitalization of C$916.05 million, a P/E ratio of 69.14 and a beta of 1.21. The firm has a 50 day moving average price of C$2.59 and a two-hundred day moving average price of C$2.33.

Insider Activity at GoGold Resources

In related news, insider Glenn Jessome sold 55,000 shares of GoGold Resources stock in a transaction dated Friday, September 26th. The stock was sold at an average price of C$2.60, for a total value of C$143,000.00. Following the transaction, the insider owned 773,105 shares of the company’s stock, valued at approximately C$2,010,073. This trade represents a 6.64% decrease in their position. Insiders sold 748,000 shares of company stock worth $1,974,414 over the last three months. Corporate insiders own 6.41% of the company’s stock.

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.