GoGold Resources (TSE:GGD) Trading Down 3.5% - Here's What Happened

GoGold Resources Inc. (TSE:GGD - Get Free Report)'s share price fell 3.5% during mid-day trading on Thursday . The stock traded as low as C$1.55 and last traded at C$1.64. 809,340 shares traded hands during trading, an increase of 5% from the average session volume of 768,052 shares. The stock had previously closed at C$1.70.

GoGold Resources Price Performance

The stock has a market cap of C$339.73 million, a price-to-earnings ratio of 146.50 and a beta of 1.50. The business has a fifty day moving average of C$1.65 and a 200 day moving average of C$1.44.

Insider Activity

In other news, Director John Stephen Morris Turner bought 15,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of C$1.70 per share, for a total transaction of C$25,486.50. 6.41% of the stock is owned by insiders.

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.