GoGold Resources (TSE:GGD) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Shares of GoGold Resources Inc. (TSE:GGD) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$3.39 and traded as low as C$3.13. GoGold Resources shares last traded at C$3.23, with a volume of 1,596,960 shares trading hands.

GoGold Resources Stock Down 5.0%

The business has a 50-day simple moving average of C$4.06 and a two-hundred day simple moving average of C$3.39. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 29.36 and a beta of 2.07. The company has a quick ratio of 8.30, a current ratio of 5.83 and a debt-to-equity ratio of 0.20.

GoGold Resources (TSE:GGD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. GoGold Resources had a return on equity of 11.73% and a net margin of 49.86%. The company had revenue of C$39.44 million during the quarter. Equities research analysts forecast that GoGold Resources Inc. will post 0.03 earnings per share 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.