GoGold Resources (TSE:GGD) Hits New 1-Year High – Here’s Why

GoGold Resources Inc. (TSE:GGD)’s share price reached a new 52-week high on Monday . The company traded as high as C$4.12 and last traded at C$3.96, with a volume of 1027718 shares trading hands. The stock had previously closed at C$3.93.

GoGold Resources Stock Performance

The firm’s 50-day simple moving average is C$2.97 and its 200 day simple moving average is C$2.64. The stock has a market capitalization of C$1.66 billion, a P/E ratio of 80.00 and a beta of 1.24.

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

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.