GoGold Resources (TSE:GGD) Trading 7.3% Higher – Still a Buy?

GoGold Resources Inc. (TSE:GGD) shares rose 7.3% during trading on Wednesday . The company traded as high as C$1.47 and last traded at C$1.47. Approximately 118,733 shares were traded during trading, a decline of 78% from the average daily volume of 548,117 shares. The stock had previously closed at C$1.37.

GoGold Resources Trading Up 6.3 %

The stock has a market cap of C$497.59 million, a price-to-earnings ratio of -151.00 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’s 50 day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.32.

About GoGold Resources

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.