Gold Resource Corporation (GORO) Shares are Up 1.24%

Gold Resource Corporation (GORO) : Traders are bullish on Gold Resource Corporation (GORO) as it has outperformed the S&P 500 by a wide margin of 19.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.19%, 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 1.24% in the last 1 week, and is up 20.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 13.52% and the 50-Day Moving Average is 42.47%. Gold Resource Corporation (NYSEMKT:GORO): On Fridays trading session , Opening price of the stock was $6.62 with an intraday high of $6.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.38. However, the stock managed to close at $6.53, a loss of 0.46% for the day. On the previous day, the stock had closed at $6.56. The total traded volume of the day was 676,727 shares.


The company Insiders own 7.7% of Gold Resource Corporation shares according to the proxy statements. Institutional Investors own 28.53% of Gold Resource Corporation shares.

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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