Gold Resource Co. (NYSE:GORO – Get Free Report) shares rose 11% during trading on Thursday . The stock traded as high as $3.14 and last traded at $3.14. Approximately 1,140,603 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,984,602 shares. The stock had previously closed at $2.83.
Gold Resource Stock Performance
The firm has a 50 day simple moving average of $1.80 and a two-hundred day simple moving average of $1.54. The stock has a market cap of $513.19 million, a P/E ratio of -6.47 and a beta of 1.06.
Hedge Funds Weigh In On Gold Resource
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in Gold Resource during the 2nd quarter valued at about $38,000. Cable Car Capital LP acquired a new stake in shares of Gold Resource in the 2nd quarter worth approximately $46,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Gold Resource in the 2nd quarter worth approximately $52,000. XTX Topco Ltd boosted its holdings in shares of Gold Resource by 47.5% in the fourth quarter. XTX Topco Ltd now owns 138,592 shares of the company’s stock valued at $115,000 after acquiring an additional 44,644 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Gold Resource by 123.1% in the third quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock valued at $111,000 after acquiring an additional 73,101 shares in the last quarter. Institutional investors own 18.38% of the company’s stock.
Gold Resource Company Profile
Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.
At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.
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