Company Shares of Gold Resource Corporation (NYSEMKT:GORO) Rally 24.62%

Gold Resource Corporation (NYSEMKT:GORO) : Traders are bullish on Gold Resource Corporation (NYSEMKT:GORO) as it has outperformed the S&P 500 by a wide margin of 38.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 24.62% in the last 1 week, and is up 40.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 82.71% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $4.86 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.49 and the 200 Day Moving Average price is recorded at $2.53.

The stock has recorded a 20-day Moving Average of 35.85% and the 50-Day Moving Average is 42.6%.


Gold Resource Corporation (NYSEMKT:GORO): stock turned positive on Friday. Though the stock opened at $4.53, the bulls momentum made the stock top out at $4.86 level for the day. The stock recorded a low of $4.46 and closed the trading day at $4.86, in the green by 8.72%. The total traded volume for the day was 1,002,924. The stock had closed at $4.47 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (VP Exploration) of Gold Resource Corp, Devlin Barry D had purchased shares worth of $12,400 in a transaction dated on May 26, 2015. A total of 4,000 shares were purchased at a price of $3.1 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Gold Resource Corporation is a mining company. The Company is engaged in the exploration, production and evaluation of precious and base metal properties. It is a producer of metal concentrates that contain gold, silver, copper, lead and zinc. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, the United States, Mining Unit. Its flagship project is the El Aguila Project, where the La Arista underground polymetallic deposit is in production. The La Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. The mill production totaled approximately 83,903 ounces of precious metal gold equivalent from the La Arista mine. The El Aguila Project comprises 17 mining concessions aggregating to approximately 30,074 hectares. The Companys mineral properties are classified into two categories: Operating Properties and Exploration Properties.

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