Insider Selling: GoGold Resources (TSE:GGD) Insider Sells 130,000 Shares of Stock

Key Points

• Insider Glenn Jessome sold 130,000 shares of GoGold Resources Inc. on September 25th for a total of C$336,700, decreasing his ownership by 13.57%.
• On September 26th, Jessome sold an additional 12 transactions totaling C$1.3 million, indicating significant insider selling activity.
• GoGold Resources stock is currently trading at C$2.60, with a market cap of C$983.81 million and a 1-year trading range between C$1.04 and C$2.85.

GoGold Resources Inc. (TSE:GGD - Get Free Report) insider Glenn Jessome sold 130,000 shares of the firm's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of C$2.59, for a total transaction of C$336,700.00. Following the sale, the insider owned 828,105 shares of the company's stock, valued at approximately C$2,144,791.95. This represents a 13.57% decrease in their position.

Glenn Jessome also recently made the following trade(s):

• On Thursday, September 25th, Glenn Jessome sold 50,400 shares of GoGold Resources stock. The shares were sold at an average price of C$2.60, for a total transaction of C$131,040.00.
• On Friday, September 26th, Glenn Jessome sold 55,000 shares of GoGold Resources stock. The shares were sold at an average price of C$2.60, for a total transaction of C$143,000.00.
• On Friday, September 26th, Glenn Jessome sold 30,000 shares of GoGold Resources stock. The stock was sold at an average price of C$2.63, for a total value of C$78,900.00.
• On Friday, September 26th, Glenn Jessome sold 65,000 shares of GoGold Resources stock. The stock was sold at an average price of C$2.64, for a total value of C$171,600.00.
• On Friday, September 26th, Glenn Jessome sold 15,300 shares of GoGold Resources stock. The stock was sold at an average price of C$2.65, for a total value of C$40,545.00.
• On Friday, September 26th, Glenn Jessome sold 185,600 shares of GoGold Resources stock. The shares were sold at an average price of C$2.66, for a total value of C$493,696.00.
• On Friday, September 26th, Glenn Jessome sold 109,700 shares of GoGold Resources stock. The shares were sold at an average price of C$2.67, for a total transaction of C$292,899.00.
• On Friday, September 26th, Glenn Jessome sold 65,600 shares of GoGold Resources stock. The stock was sold at an average price of C$2.68, for a total transaction of C$175,808.00.
• On Friday, September 26th, Glenn Jessome sold 3,400 shares of GoGold Resources stock. The shares were sold at an average price of C$2.69, for a total transaction of C$9,146.00.
• On Friday, September 26th, Glenn Jessome sold 38,000 shares of GoGold Resources stock. The shares were sold at an average price of C$2.66, for a total value of C$101,080.00.

GoGold Resources Stock Performance

Shares of GoGold Resources stock traded down C$0.03 during trading on Friday, reaching C$2.60. 2,339,980 shares of the company's stock were exchanged, compared to its average volume of 799,241. GoGold Resources Inc. has a 1-year low of C$1.04 and a 1-year high of C$2.85. The company has a market cap of C$983.81 million, a P/E ratio of 74.29 and a beta of 1.14. The firm's 50-day moving average price is C$2.41 and its 200 day moving average price is C$2.10.

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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