GoGold Resources (TSE:GGD) Shares Down 3.5% – Here’s Why

GoGold Resources Inc. (TSE:GGD) shares fell 3.5% during trading on Thursday . The stock traded as low as C$1.55 and last traded at C$1.64. 809,340 shares were traded during mid-day 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 50 day moving average of C$1.65 and a two-hundred day moving average of C$1.44. The stock has a market capitalization of C$349.04 million, a PE ratio of 150.51 and a beta of 1.50.

Insider Transactions at GoGold Resources

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

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.