Gold Resource Corp (GORO) Files Form 4 Insider Selling : John A Labate Sells 50,000 Shares

Gold Resource Corp (GORO): John A Labate , Chief Financial Officer of Gold Resource Corp sold 50,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $6.09 per share for a total value of $304,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Richard M Irvine (Chief Operating Officer) sold 34,666 shares at $5.90 per share price.On Sep 12, 2016, Gregory A Patterson (VP Corporate Development) sold 33,333 shares at $5.81 per share price.Also, On Aug 17, 2015, Jessica M Browne (VP, General Counsel, Secretary) purchased 1,000 shares at $2.31 per share price.On May 28, 2015, Barry D Devlin (VP Exploration) purchased 4,000 shares at $3.10 per share price.

Gold Resource Corporation: On Monday, Sep 12, 2016 heightened volatility was witnessed in Gold Resource Corporation which led to swings in the share price. The shares opened for trading at $5.69 and hit $6.495 on the upside , eventually ending the session at $6.44, with a gain of 11.03% or 0.64 points. The heightened volatility saw the trading volume jump to 1,784,774 shares. The 52-week high of the share price is $6.88 and the company has a market cap of $349 M . The 52-week low of the share price is at $1.14.

Gold Resource Corporation Money Flow Index Chart

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 83903 ounces of precious metal gold equivalent from the La Arista mine. The El Aguila Project comprises 17 mining concessions aggregating to approximately 30074 hectares. The Company’s mineral properties are classified into two categories: Operating Properties and Exploration Properties.

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