GoGold Resources (TSE:GGD) Trading Up 23.2% – Should You Buy?

GoGold Resources Inc. (TSE:GGD) traded up 23.2% during trading on Monday . The stock traded as high as C$2.96 and last traded at C$2.92. 2,442,677 shares traded hands during mid-day trading, an increase of 189% from the average session volume of 845,806 shares. The stock had previously closed at C$2.37.

GoGold Resources Stock Performance

The company has a market cap of C$1.08 billion, a price-to-earnings ratio of 81.71 and a beta of 1.21. The firm’s 50 day simple moving average is C$2.62 and its 200-day simple moving average is C$2.27.

Insider Buying and Selling

In other news, insider Glenn Jessome sold 185,600 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of C$2.66, for a total value of C$493,696.00. Following the transaction, the insider owned 477,205 shares of the company’s stock, valued at C$1,269,365.30. This represents a 28.00% decrease in their position. Insiders 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

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.