GoGold Resources Inc. (TSE:GGD – Get Free Report) traded down 3.1% during mid-day trading on Thursday . The company traded as low as C$1.24 and last traded at C$1.24. 241,043 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 593,181 shares. The stock had previously closed at C$1.28.
Wall Street Analysts Forecast Growth
Separately, Eight Capital upped their target price on GoGold Resources from C$3.20 to C$3.85 in a research report on Thursday, July 11th.
GoGold Resources Stock Up 4.0 %
The company has a market capitalization of C$424.99 million, a price-to-earnings ratio of -124.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.49 and a quick ratio of 8.30. The firm’s fifty day moving average price is C$1.38 and its 200-day moving average price is C$1.35.
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.