GoGold Resources (TSE:GGD) Trading 4.5% Higher – Here’s Why

GoGold Resources Inc. (TSE:GGDGet Free Report) was up 4.5% during mid-day trading on Tuesday . The company traded as high as C$1.38 and last traded at C$1.38. Approximately 469,335 shares were traded during trading, a decline of 28% from the average daily volume of 651,673 shares. The stock had previously closed at C$1.32.

GoGold Resources Trading Down 2.8 %

The firm has a market capitalization of C$451.46 million, a price-to-earnings ratio of -137.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.30 and a current ratio of 7.80. The company has a 50-day moving average price of C$1.23 and a 200-day moving average price of C$1.32.

About GoGold Resources

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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.

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