GoGold Resources (TSE:GGD) Trading 6.3% Higher - Time to Buy?

GoGold Resources Inc. (TSE:GGD - Get Free Report) shot up 6.3% during mid-day trading on Wednesday . The company traded as high as C$1.54 and last traded at C$1.52. 258,935 shares traded hands during trading, a decline of 66% from the average session volume of 770,962 shares. The stock had previously closed at C$1.43.

GoGold Resources Price Performance

The stock's 50 day simple moving average is C$1.66 and its two-hundred day simple moving average is C$1.45. The stock has a market capitalization of C$432.81 million, a PE ratio of 186.63 and a beta of 1.50.

Insiders Place Their Bets

In other GoGold Resources news, Director John Stephen Morris Turner purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of C$1.70 per share, for a total transaction of C$25,486.50. Company insiders own 6.41% of the company's stock.

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.