GoGold Resources (TSE:GGD) Trading Down 2.2%

Shares of GoGold Resources Inc. (TSE:GGD) dropped 2.2% during mid-day trading on Tuesday . The stock traded as low as C$1.30 and last traded at C$1.31. Approximately 290,667 shares were traded during trading, a decline of 56% from the average daily volume of 659,253 shares. The stock had previously closed at C$1.34.

GoGold Resources Stock Performance

The company’s 50 day moving average price is C$1.47 and its 200-day moving average price is C$1.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.30 and a current ratio of 8.49. The company has a market cap of C$447.00 million, a PE ratio of -79.50 and a beta of 1.34.

GoGold Resources (TSE:GGD) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.01. GoGold Resources had a negative net margin of 0.77% and a negative return on equity of 0.08%. The business had revenue of C$12.05 million during the quarter. Equities research analysts anticipate that GoGold Resources Inc. will post 0.0273478 earnings per share for the current fiscal year.

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.