GoGold Resources (TSE:GGD) Reaches New 1-Year High – What’s Next?

GoGold Resources Inc. (TSE:GGD) shares reached a new 52-week high on Wednesday . The stock traded as high as C$4.49 and last traded at C$4.47, with a volume of 1833543 shares changing hands. The stock had previously closed at C$4.23.

GoGold Resources Stock Up 1.4%

The firm’s fifty day moving average price is C$3.39 and its two-hundred day moving average price is C$3.17. The stock has a market cap of C$1.93 billion, a price-to-earnings ratio of 40.55 and a beta of 2.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.83 and a quick ratio of 8.30.

GoGold Resources (TSE:GGD) last issued its earnings results on Wednesday, August 12th. The company reported C$0.04 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. Sell-side analysts forecast that GoGold Resources Inc. will post 0.0349744 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.