Gold Resource Co. (NYSE:GORO – Get Free Report) dropped 8.2% during trading on Wednesday . The company traded as low as $3.54 and last traded at $3.5540. Approximately 331,651 shares were traded during trading, a decline of 92% from the average session volume of 3,940,573 shares. The stock had previously closed at $3.87.
Gold Resource Trading Down 12.0%
The firm’s fifty day moving average price is $1.98 and its two-hundred day moving average price is $1.59. The stock has a market capitalization of $551.56 million, a PE ratio of -6.99 and a beta of 1.06.
Institutional Investors Weigh In On Gold Resource
A number of institutional investors have recently modified their holdings of the business. Ancora Advisors LLC acquired a new position in Gold Resource in the 2nd quarter worth about $38,000. Cable Car Capital LP purchased a new stake in shares of Gold Resource in the second quarter valued at approximately $46,000. The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the 2nd quarter worth approximately $52,000. Captrust Financial Advisors acquired a new position in shares of Gold Resource during the 2nd quarter worth approximately $56,000. Finally, Alps Advisors Inc. purchased a new position in shares of Gold Resource during the 4th quarter valued at approximately $105,000. 18.38% of the stock is currently owned by institutional investors and hedge funds.
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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