GoGold Resources (TSE:GGD) Shares Down 2.9% - What's Next?

Key Points

• GoGold Resources Inc. shares fell by 2.9% to C$2.65, with trading volumes increasing significantly to approximately 1.16 million shares.
• The company has a market capitalization of C$1.00 billion and a high PE ratio of 75.71, indicating potentially overvalued stock.
• GoGold primarily operates in Mexico, where the majority of its revenue is generated through projects like Parral and Los Ricos.

GoGold Resources Inc. (TSE:GGD - ) dropped 2.9% on Tuesday . The stock traded as low as C$2.62 and last traded at C$2.65. Approximately 1,156,583 shares were traded during trading, an increase of 49% from the average daily volume of 774,390 shares. The stock had previously closed at C$2.73.

GoGold Resources Stock Down 2.9%

The stock has a 50-day simple moving average of C$2.34 and a 200-day simple moving average of C$2.05. The firm has a market capitalization of C$1.00 billion, a PE ratio of 75.71 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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