GoGold Resources (TSE:GGD) Reaches New 12-Month High – What’s Next?

GoGold Resources Inc. (TSE:GGD)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.83 and last traded at C$1.77, with a volume of 305164 shares changing hands. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

Separately, Eight Capital lifted their price objective on GoGold Resources from C$3.20 to C$3.85 in a report on Thursday, July 11th.

GoGold Resources Trading Up 3.6 %

The company has a current ratio of 7.80, a quick ratio of 8.30 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of C$1.29 and a two-hundred day moving average of C$1.39. The firm has a market capitalization of C$576.68 million, a P/E ratio of -169.00 and a beta of 1.50.

About GoGold Resources

GoGold Resources Inc engages in the exploration, development, and production of gold and silver in Mexico. The company holds 100 % interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds 100% interest in the Los Ricos properties, which includes Los Ricos South and Los Ricos North projects, that covers 42 concessions with an area of approximately 22,000 hectares situated in the Jalisco State, Mexico.