GoGold Resources (TSE:GGD) Sets New 1-Year High – What’s Next?

GoGold Resources Inc. (TSE:GGD) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.55 and last traded at C$4.51, with a volume of 503251 shares trading hands. The stock had previously closed at C$4.40.

GoGold Resources Stock Performance

The stock has a 50 day moving average of C$3.76 and a two-hundred day moving average of C$3.28. The stock has a market capitalization of C$1.99 billion, a PE ratio of 41.64 and a beta of 2.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.83 and a quick ratio of 8.30.

GoGold Resources (TSE:GGD) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$39.44 million for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%. Research analysts expect that GoGold Resources Inc. will post 0.0349744 EPS for the current fiscal year.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.