GoGold Resources (TSE:GGD) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

GoGold Resources Inc. (TSE:GGD)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$3.39 and traded as low as C$3.31. GoGold Resources shares last traded at C$3.31, with a volume of 1,226,476 shares changing hands.

GoGold Resources Trading Down 3.5%

The stock has a fifty day moving average of C$3.92 and a two-hundred day moving average of C$3.39. The company has a market capitalization of C$1.43 billion, a PE ratio of 30.09 and a beta of 2.16. The company has a current ratio of 5.83, a quick ratio of 8.30 and a debt-to-equity ratio of 0.20.

GoGold Resources (TSE:GGD) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.04 EPS for the quarter. GoGold Resources had a net margin of 49.86% and a return on equity of 11.73%. The firm had revenue of C$39.44 million for the quarter. As a group, sell-side analysts anticipate that GoGold Resources Inc. will post 0.03 earnings per share for the current fiscal year.

GoGold Resources Company Profile

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.