GoGold Resources (TSE:GGD) Trading Down 4.5% - Here's What Happened

GoGold Resources Inc. (TSE:GGD - Get Free Report) shares were down 4.5% during mid-day trading on Tuesday . The stock traded as low as C$1.70 and last traded at C$1.70. Approximately 265,044 shares were traded during trading, a decline of 65% from the average daily volume of 763,710 shares. The stock had previously closed at C$1.78.

GoGold Resources Price Performance

The stock has a market cap of C$411.87 million, a P/E ratio of 177.60 and a beta of 1.50. The stock's 50-day moving average is C$1.70 and its two-hundred day moving average is C$1.48.

Insider Buying and Selling at GoGold Resources

In other news, Director John Stephen Morris Turner acquired 15,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of C$1.70 per share, with a total value of C$25,486.50. Insiders own 6.41% of the company's stock.

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.