Gold Resource (NYSE:GORO) Trading 6.8% Higher – Here’s What Happened

Gold Resource Co. (NYSE:GORO)’s share price rose 6.8% on Wednesday . The stock traded as high as $3.81 and last traded at $3.8250. 199,680 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 3,865,687 shares. The stock had previously closed at $3.58.

Gold Resource Trading Up 5.6%

The company has a market cap of $611.94 million, a price-to-earnings ratio of -7.77 and a beta of 1.06. The firm has a 50-day moving average price of $2.21 and a 200 day moving average price of $1.66.

Institutional Investors Weigh In On Gold Resource

A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Gold Resource by 61.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company’s stock worth $1,185,000 after acquiring an additional 881,701 shares during the period. Jane Street Group LLC boosted its stake in Gold Resource by 165.2% in the first quarter. Jane Street Group LLC now owns 474,468 shares of the company’s stock valued at $242,000 after acquiring an additional 295,565 shares during the period. Geode Capital Management LLC grew its holdings in shares of Gold Resource by 39.9% during the second quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company’s stock valued at $843,000 after purchasing an additional 394,028 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Gold Resource during the 2nd quarter worth approximately $56,000. Finally, Vanguard Group Inc. raised its position in shares of Gold Resource by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock worth $5,140,000 after purchasing an additional 91,241 shares during the period. 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.