Gold Resource Co. (NYSE:GORO – Get Free Report) was up 6.8% during mid-day trading on Wednesday . The company traded as high as $3.81 and last traded at $3.8250. Approximately 199,680 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 3,865,687 shares. The stock had previously closed at $3.58.
Gold Resource Stock Up 4.7%
The company’s 50 day moving average price is $2.31 and its 200 day moving average price is $1.70. The firm has a market capitalization of $655.65 million, a price-to-earnings ratio of -8.27 and a beta of 1.06.
Institutional Trading of Gold Resource
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of Gold Resource in the second quarter valued at about $38,000. Cable Car Capital LP acquired a new stake in shares of Gold Resource during the second quarter worth about $46,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Gold Resource during the second quarter worth about $52,000. Captrust Financial Advisors purchased a new stake in Gold Resource in the second quarter valued at approximately $56,000. Finally, Alps Advisors Inc. purchased a new stake in Gold Resource in the fourth quarter valued at approximately $105,000. Institutional investors and hedge funds own 18.38% of the company’s stock.
About Gold Resource
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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