Gold Resource Co. (NYSE:GORO – Get Free Report)’s stock price was down 8.2% on Wednesday . The company traded as low as $3.54 and last traded at $3.5540. Approximately 331,651 shares were traded during trading, a decline of 92% from the average daily volume of 3,940,573 shares. The stock had previously closed at $3.87.
Gold Resource Price Performance
The company’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $1.59. The firm has a market capitalization of $551.56 million, a PE ratio of -6.99 and a beta of 1.06.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new stake in Gold Resource in the 2nd quarter worth about $38,000. Cable Car Capital LP acquired a new position in shares of Gold Resource during the second quarter valued at approximately $46,000. The Manufacturers Life Insurance Company acquired a new position in shares of Gold Resource during the second quarter valued at approximately $52,000. Captrust Financial Advisors purchased a new position in shares of Gold Resource in the second quarter valued at approximately $56,000. Finally, Bank of America Corp DE purchased a new position in shares of Gold Resource in the second quarter valued at approximately $119,000. 18.38% of the stock is owned by hedge funds and other institutional investors.
About Gold Resource
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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