GoGold Resources (TSE:GGD) Reaches New 52-Week High - Here's Why

Shares of GoGold Resources Inc. (TSE:GGD - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$1.85 and last traded at C$1.82, with a volume of 710761 shares. The stock had previously closed at C$1.78.

GoGold Resources Stock Performance

The firm has a market cap of C$472.37 million, a PE ratio of 203.69 and a beta of 1.50. The stock's 50 day simple moving average is C$1.51 and its 200 day simple moving average is C$1.38.

Insiders Place Their Bets

In other GoGold Resources news, Director John Stephen Morris Turner acquired 15,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of C$1.70 per share, with a total value of C$25,486.50. Corporate insiders own 6.41% of the company's stock.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.