GoGold Resources (TSE:GGD) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of GoGold Resources Inc. (TSE:GGD) 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.

GoGold Resources Trading Down 0.9%

The stock has a market capitalization of C$1.38 billion, a P/E ratio of 28.91 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. The stock’s fifty day moving average price is C$3.90 and its two-hundred day moving average price is C$3.38.

GoGold Resources (TSE:GGD) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$39.44 million during the quarter. GoGold Resources had a net margin of 49.86% and a return on equity of 11.73%. Equities research analysts forecast that GoGold Resources Inc. will post 0.03 EPS for the current 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.