GoGold Resources (TSE:GGD) Shares Down 1.6%

Shares of GoGold Resources Inc. (TSE:GGD) were down 1.6% during trading on Monday . The stock traded as low as C$1.18 and last traded at C$1.21. Approximately 173,506 shares traded hands during trading, a decline of 60% from the average daily volume of 434,505 shares. The stock had previously closed at C$1.23.

Analyst Upgrades and Downgrades

Separately, Pi Financial dropped their price target on shares of GoGold Resources from C$3.60 to C$2.80 and set a “buy” rating for the company in a research report on Thursday, October 26th.

GoGold Resources Stock Performance

The stock’s 50-day moving average price is C$1.28 and its 200-day moving average price is C$1.44. The company has a current ratio of 11.01, a quick ratio of 8.30 and a debt-to-equity ratio of 0.27. The company has a market capitalization of C$395.05 million, a P/E ratio of -121.00 and a beta of 1.14.

About GoGold Resources

GoGold Resources Inc engages in the exploration, development, and production of gold and silver primarily in Mexico. The company holds an interest in the Parral Tailings project, which covers an area of 141 hectares located in the state of Chihuahua, Mexico. It also holds an option to acquire 100% concessions of the Los Ricos project, which covers 44 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico.