GoGold Resources (TSE:GGD) Hits New 12-Month High - Here's Why

Key Points

• GoGold Resources Inc. shares reached a new 52-week high of C$2.75 during trading, closing at C$2.74 with a trading volume of 1,691,171 shares.
• The company's market cap stands at C$1.03 billion, with a price-to-earnings ratio of 78.00 indicating strong investor interest.
• GoGold primarily operates in Mexico through its Parral and Los Ricos projects, which account for the majority of its revenue.

GoGold Resources Inc. (TSE:GGD - ) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.75 and last traded at C$2.74, with a volume of 1691171 shares. The stock had previously closed at C$2.54.

GoGold Resources Trading Up 7.5%

The stock's 50-day moving average is C$2.32 and its 200-day moving average is C$2.04. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 78.00 and a beta of 1.14.

GoGold Resources Company Profile

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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