GoGold Resources (TSE:GGD) Reaches New 1-Year High – Here’s Why

GoGold Resources Inc. (TSE:GGD) shares reached a new 52-week high during trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

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

GoGold Resources Stock Up 3.6 %

The stock’s fifty day moving average price is C$1.29 and its 200 day moving average price is C$1.39. 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 stock has a market cap 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.