Gold Resource Co. (NYSE:GORO - Get Free Report)'s stock price fell 4.4% on Wednesday . The stock traded as low as $0.65 and last traded at $0.69. 2,469,301 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 1,971,051 shares. The stock had previously closed at $0.72.
Analyst Ratings Changes
Separately, Wall Street Zen assumed coverage on shares of Gold Resource in a research note on Sunday, May 4th. They issued a "sell" rating for the company.
Check Out Our Latest Analysis on Gold Resource
Gold Resource Stock Down 3.8%
The stock has a market cap of $93.33 million, a PE ratio of -1.40 and a beta of 0.79. The firm has a fifty day moving average of $0.62 and a 200 day moving average of $0.48.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd grew its holdings in shares of Gold Resource by 36.7% during the first quarter. XTX Topco Ltd now owns 109,984 shares of the company's stock worth $56,000 after purchasing an additional 29,543 shares during the last quarter. Virtu Financial LLC purchased a new position in Gold Resource during the 1st quarter worth approximately $43,000. Shay Capital LLC increased its position in Gold Resource by 114.1% during the fourth quarter. Shay Capital LLC now owns 251,550 shares of the company's stock worth $58,000 after buying an additional 134,077 shares during the period. Jane Street Group LLC lifted its stake in Gold Resource by 669.8% in the fourth quarter. Jane Street Group LLC now owns 178,903 shares of the company's stock valued at $41,000 after buying an additional 155,664 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Gold Resource in the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 18.38% of the company's stock.
Gold Resource Company Profile
(
Get Free Report)
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.
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