GoGold Resources (TSE:GGD) Shares Up 0.4% – Time to Buy?

GoGold Resources Inc. (TSE:GGD) shares were up 0.4% on Thursday . The stock traded as high as C$2.45 and last traded at C$2.42. Approximately 748,007 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 929,375 shares. The stock had previously closed at C$2.41.

GoGold Resources Stock Performance

The firm has a market capitalization of C$916.05 million, a P/E ratio of 69.14 and a beta of 1.21. The stock has a 50 day moving average of C$2.59 and a 200-day moving average of C$2.33.

Insider Buying and Selling

In related news, insider Glenn Jessome sold 185,600 shares of GoGold Resources stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of C$2.66, for a total value of C$493,696.00. Following the completion of the transaction, the insider directly owned 477,205 shares in the company, valued at approximately C$1,269,365.30. The trade was a 28.00% decrease in their position. 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.

About GoGold Resources

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.