Gold Resource (NYSE:GORO) Stock Price Up 5.3% – Here’s What Happened
by Jessica Moore · The Cerbat GemGold Resource Co. (NYSE:GORO – Get Free Report) shares traded up 5.3% on Wednesday . The company traded as high as $3.69 and last traded at $3.7050. Approximately 368,494 shares traded hands during trading, a decline of 90% from the average session volume of 3,757,997 shares. The stock had previously closed at $3.52.
Gold Resource Price Performance
The firm’s fifty day moving average is $2.71 and its two-hundred day moving average is $1.82. The firm has a market capitalization of $600.61 million, a PE ratio of -7.57 and a beta of 1.06.
Hedge Funds Weigh In On Gold Resource
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Gold Resource during the second quarter valued at approximately $119,000. Ancora Advisors LLC purchased a new position in Gold Resource in the second quarter worth $38,000. Cable Car Capital LP purchased a new position in Gold Resource in the second quarter worth $46,000. The Manufacturers Life Insurance Company bought a new position in Gold Resource in the 2nd quarter valued at $52,000. Finally, BlackRock Inc. bought a new position in Gold Resource in the 2nd quarter valued at $13,484,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.
Gold Resource Company Profile
Gold Resource Corporation is a mining company focused on the exploration, development, and production of gold and silver. The company’s activities include operating mines, advancing mineral projects, and evaluating additional opportunities to expand its precious-metals portfolio.
Gold Resource has historically operated in Mexico through its Don David Gold Mexico subsidiary. Its Oaxaca Mining Unit includes the Arista underground mine and related infrastructure, including processing facilities and exploration targets in the state of Oaxaca.