GoGold Resources (TSE:GGD) Reaches New 12-Month High - Should You Buy?

Key Points

• GoGold Resources Inc. achieved a new 52-week high share price of C$2.66, with its last trading price at C$2.64 and a volume of 493,262 shares.
• The company has a market capitalization of C$1.01 billion and a price-to-earnings ratio of 76.00, indicating a high valuation relative to its earnings.
• GoGold primarily operates in Mexico, with major projects including the Parral and Los Ricos projects, which contribute significantly to its revenue.

GoGold Resources Inc. (TSE:GGD - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$2.66 and last traded at C$2.64, with a volume of 493262 shares changing hands. The stock had previously closed at C$2.60.

GoGold Resources Trading Down 4.1%

The company has a 50-day simple moving average of C$2.30 and a 200 day simple moving average of C$2.02. The company has a market cap of C$972.46 million, a P/E ratio of 73.43 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.