GoGold Resources (TSE:GGD) Reaches New 1-Year High – Should You Buy?

GoGold Resources Inc. (TSE:GGD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.55 and last traded at C$4.51, with a volume of 503251 shares trading hands. The stock had previously closed at C$4.40.

GoGold Resources Stock Performance

The company has a current ratio of 5.83, a quick ratio of 8.30 and a debt-to-equity ratio of 0.20. The company has a market cap of C$1.99 billion, a PE ratio of 41.64 and a beta of 2.34. The business has a fifty day moving average of C$3.76 and a 200-day moving average of C$3.28.

GoGold Resources (TSE:GGD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 earnings per share for the quarter. GoGold Resources had a net margin of 49.86% and a return on equity of 11.73%. The company had revenue of C$39.44 million for the quarter. Equities research analysts anticipate that GoGold Resources Inc. will post 0.0349744 earnings per share for the current fiscal year.

About GoGold Resources

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.