GoGold Resources (TSE:GGD) Trading Up 3.2% – What’s Next?

GoGold Resources Inc. (TSE:GGD) traded up 3.2% during mid-day trading on Tuesday . The company traded as high as C$1.32 and last traded at C$1.30. 374,441 shares changed hands during trading, a decline of 38% from the average session volume of 607,035 shares. The stock had previously closed at C$1.26.

GoGold Resources Price Performance

The company has a market capitalization of C$408.62 million, a PE ratio of -125.00 and a beta of 1.50. The company has a quick ratio of 8.30, a current ratio of 7.80 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is C$1.42 and its 200-day moving average is C$1.39.

GoGold Resources Company Profile

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.