Gold Resource Co. (NYSE:GORO – Get Free Report) traded up 11% during mid-day trading on Thursday . The company traded as high as $3.14 and last traded at $3.14. Approximately 1,140,603 shares changed hands during trading, a decline of 71% from the average daily volume of 3,984,602 shares. The stock had previously closed at $2.83.
Gold Resource Trading Up 12.0%
The company has a market capitalization of $513.19 million, a price-to-earnings ratio of -6.47 and a beta of 1.06. The firm has a 50-day moving average price of $1.80 and a 200-day moving average price of $1.54.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new stake in Gold Resource in the second quarter worth about $38,000. Cable Car Capital LP bought a new position in shares of Gold Resource during the 2nd quarter valued at about $46,000. The Manufacturers Life Insurance Company bought a new position in shares of Gold Resource during the 2nd quarter valued at about $52,000. Captrust Financial Advisors acquired a new position in shares of Gold Resource in the 2nd quarter worth approximately $56,000. Finally, Alps Advisors Inc. acquired a new position in shares of Gold Resource in the 4th quarter worth approximately $105,000. 18.38% of the stock is owned by institutional investors and hedge funds.
Gold Resource Company Profile
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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