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Insider Selling: GoGold Resources Inc. (TSE:GGD) Director Sells C$22,982.55 in Stock

Financial News Live ·  Dec 24, 2022 06:31

GoGold Resources Inc. (TSE:GGD – Get Rating) Director Terrence Raeburn Owen Robert Cooper sold 7,585 shares of GoGold Resources stock in a transaction dated Monday, March 28th. The stock was sold at an average price of C$3.03, for a total transaction of C$22,982.55. Following the completion of the sale, the director now owns 187,876 shares of the company's stock, valued at approximately C$569,264.28.

GoGold Resources Price Performance

Shares of TSE:GGD opened at C$2.20 on Friday. The firm has a 50 day moving average of C$1.81 and a 200-day moving average of C$1.90. The stock has a market capitalization of C$650.95 million and a PE ratio of -366.67. The company has a current ratio of 9.40, a quick ratio of 8.30 and a debt-to-equity ratio of 0.46. GoGold Resources Inc. has a 12 month low of C$1.37 and a 12 month high of C$3.64.

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Analysts Set New Price Targets

Separately, Pi Financial dropped their price objective on shares of GoGold Resources from C$5.05 to C$4.60 in a research note on Monday, September 12th.

GoGold Resources Company Profile

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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 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.

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