GoGold Resources (TSE:GGD) Sets New 52-Week High – Still a Buy?

GoGold Resources Inc. (TSE:GGD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.04 and last traded at C$3.02, with a volume of 2563599 shares trading hands. The stock had previously closed at C$2.77.

GoGold Resources Price Performance

The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 84.86 and a beta of 0.97. The stock has a 50-day moving average price of C$2.60 and a 200-day moving average price of C$2.39.

Insider Transactions at GoGold Resources

In other GoGold Resources news, insider Glenn Jessome sold 55,000 shares of GoGold Resources stock in a transaction on Friday, September 26th. The shares were sold at an average price of C$2.60, for a total transaction of C$143,000.00. Following the completion of the transaction, the insider directly owned 773,105 shares of the company’s stock, valued at C$2,010,073. The trade was a 6.64% decrease in their ownership of the stock. Over the last three months, insiders sold 748,000 shares of company stock worth $1,974,414. Company 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.