GoGold Resources (TSE:GGD) Stock Price Down 1.6%

GoGold Resources Inc. (TSE:GGD) shares fell 1.6% during trading on Monday . The company traded as low as C$1.18 and last traded at C$1.21. 173,506 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 434,505 shares. The stock had previously closed at C$1.23.

Analysts Set New Price Targets

Separately, Pi Financial lowered their price objective on shares of GoGold Resources from C$3.60 to C$2.80 and set a “buy” rating for the company in a research report on Thursday, October 26th.

GoGold Resources Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.30 and a current ratio of 11.01. The stock’s 50-day moving average is C$1.28 and its 200 day moving average is C$1.44. The firm has a market cap of C$395.05 million, a P/E ratio of -121.00 and a beta of 1.14.

GoGold Resources Company Profile

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 44 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico.