GoGold Resources shares surged 23.6% amid heavy trading, though the reason for the rally remains unclear.

GoGold Resources (TSE:GGD) shares jumped 23.6% to close at C$2.93 on Monday, driven by a surge in trading volume to 2.76 million shares—225% above average—following a previous close of C$2.37. The stock reached a high of C$2.96, with a market cap of C$1.08 billion and a P/E ratio of 81.71. The company, a Canadian gold and silver producer operating primarily in Mexico, saw insider Glenn Jessome sell 55,000 shares on September 26, reducing his stake by 6.64%, while insiders collectively sold 748,000 shares valued at C$1.97 million over the past 90 days. The cause of the stock’s rally remains unexplained.