GoGold Resources (TSE:GGD) Stock Price Down 1.3% – Time to Sell?

GoGold Resources Inc. (TSE:GGD)’s stock price traded down 1.3% on Thursday . The company traded as low as C$2.32 and last traded at C$2.32. 432,470 shares changed hands during trading, a decline of 49% from the average session volume of 842,295 shares. The stock had previously closed at C$2.35.

GoGold Resources Price Performance

The stock has a 50-day moving average price of C$2.62 and a two-hundred day moving average price of C$2.26. The stock has a market cap of C$896.78 million, a PE ratio of 67.71 and a beta of 1.21.

Insider Activity at GoGold Resources

In other GoGold Resources news, insider Glenn Jessome sold 185,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of C$2.66, for a total transaction of C$493,696.00. Following the sale, the insider directly owned 477,205 shares of the company’s stock, valued at C$1,269,365.30. The trade was a 28.00% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 748,000 shares of company stock valued at $1,974,414. 6.41% of the stock is currently owned by company insiders.

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.