GoGold Resources (TSE:GGD) Trading Up 8.4% - Here's What Happened

GoGold Resources Inc. (TSE:GGD - Get Free Report)'s stock price was up 8.4% during mid-day trading on Wednesday . The stock traded as high as C$1.56 and last traded at C$1.55. Approximately 323,756 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 772,271 shares. The stock had previously closed at C$1.43.

GoGold Resources Price Performance

The stock has a fifty day moving average of C$1.66 and a 200 day moving average of C$1.46. The stock has a market cap of C$432.81 million, a price-to-earnings ratio of 186.63 and a beta of 1.50.

Insider Transactions at GoGold Resources

In related news, Director John Stephen Morris Turner acquired 15,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price 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.