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 39.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.58%, 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 11.51% in the last 1 week, and is up 44.1% 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 14.09% and the 50-Day Moving Average is 41.55%. Gold Resource Corp is up 71.09% in the last 3-month period. Year-to-Date the stock performance stands at 240.5%.
Gold Resource Corporation (NYSEMKT:GORO): stock turned positive on Friday. Though the stock opened at $5.51, the bulls momentum made the stock top out at $5.64 level for the day. The stock recorded a low of $5.4 and closed the trading day at $5.62, in the green by 5.64%. The total traded volume for the day was 1,291,785. The stock had closed at $5.32 in the previous days trading.
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.