GoGold Resources (TSE:GGD) Hits New 52-Week High – Time to Buy?

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

GoGold Resources Stock Performance

The firm has a market cap of C$449.10 million, a P/E ratio of 193.65 and a beta of 1.50. The company has a 50 day moving average of C$1.51 and a 200 day moving average of C$1.37.

Insiders Place Their Bets

In other GoGold Resources news, Director John Stephen Morris Turner purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was 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.

About GoGold Resources

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.