GoGold Resources (TSE:GGD) Hits New 1-Year High - Should You Buy?

Key Points

• GoGold Resources Inc. shares reached a new 52-week high of C$2.83 during trading, reflecting a 2.2% increase from the previous close of C$2.70.
• The company's market capitalization stands at C$1.04 billion with a price-to-earnings ratio of 78.86, indicating strong investor interest.
• GoGold is primarily engaged in the exploration, development, and production of gold and silver, with its main operations based in Mexico and Canada.

GoGold Resources Inc. (TSE:GGD - ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$2.83 and last traded at C$2.83, with a volume of 222846 shares changing hands. The stock had previously closed at C$2.70.

GoGold Resources Trading Up 2.2%

The stock has a 50-day simple moving average of C$2.38 and a 200-day simple moving average of C$2.08. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 78.86 and a beta of 1.14.

About GoGold Resources

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project.

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