GoGold Resources (TSE:GGD) Sets New 52-Week High – Here’s Why

GoGold Resources Inc. (TSE:GGD) shares hit a new 52-week high on Tuesday . The stock traded as high as C$3.07 and last traded at C$3.05, with a volume of 1437269 shares trading hands. The stock had previously closed at C$2.84.

GoGold Resources Trading Up 7.0%

The stock has a 50-day moving average price of C$2.64 and a two-hundred day moving average price of C$2.46. The stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 63.33 and a beta of 0.97.

GoGold Resources (TSE:GGD) last released its quarterly earnings results on Thursday, December 11th. The company reported C$0.03 EPS for the quarter. GoGold Resources had a return on equity of 0.60% and a net margin of 4.64%.The company had revenue of C$26.93 million during the quarter. Research analysts predict that GoGold Resources Inc. will post 0.0349744 earnings per share for the current fiscal year.

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.