Gold Resource (NYSE:GORO) Stock Price Down 1.2% – What’s Next?

Gold Resource Co. (NYSE:GORO)’s stock price dropped 1.2% during trading on Tuesday . The company traded as low as $0.85 and last traded at $0.85. Approximately 973,775 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 2,434,907 shares. The stock had previously closed at $0.8599.

Gold Resource Stock Down 1.2%

The firm’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $0.70. The stock has a market capitalization of $137.50 million, a P/E ratio of -1.73 and a beta of 0.81.

Institutional Trading of Gold Resource

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Gold Resource by 48.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,071,771 shares of the company’s stock valued at $3,404,000 after buying an additional 1,323,290 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Gold Resource by 123.1% in the 3rd quarter. Virtu Financial LLC now owns 132,471 shares of the company’s stock worth $111,000 after acquiring an additional 73,101 shares during the last quarter. Two Sigma Investments LP lifted its position in Gold Resource by 1,268.0% in the 3rd quarter. Two Sigma Investments LP now owns 985,739 shares of the company’s stock valued at $824,000 after acquiring an additional 913,684 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Gold Resource during the 3rd quarter valued at about $359,000. Finally, Fiscal Wisdom Wealth Management LLC acquired a new position in Gold Resource during the 3rd quarter valued at about $39,783,000. Institutional investors own 18.38% of the company’s stock.

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.