Technical Outlook And Game Plan For Gold Resource Corp (AMEX: GORO)

Gold Resource Corp (GORO) concluded trading on Wednesday at a closing price of $0.36, with 6.01 million shares of worth about $2.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.02% during that period and on February 19, 2025 the price saw a gain of about 10.13%. Currently the company’s common shares owned by public are about 95.45M shares, out of which, 93.77M shares are available for trading.

Stock saw a price change of 13.01% in past 5 days and over the past one month there was a price change of 0.70%. Year-to-date (YTD), GORO shares are showing a performance of 55.89% which increased to 35.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $0.71 during that period. The average intraday trading volume for Gold Resource Corp shares is 2.31 million. The stock is currently trading -1.74% below its 20-day simple moving average (SMA20), while that difference is up 24.06% for SMA50 and it goes to 3.42% higher than SMA200.

Gold Resource Corp (AMEX: GORO) currently have 95.45M outstanding shares and institutions hold larger chunk of about 13.65% of that.

The stock has a current market capitalization of $34.24M and its 3Y-monthly beta is at 1.48. It has posted earnings per share of -$0.50 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GORO, volatility over the week remained 16.07% while standing at 15.36% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on July 21, 2022 offering a Buy rating for the stock and assigned a target price of $4.25 to it. Coverage by ROTH Capital stated Gold Resource Corp (GORO) stock as a Buy in their note to investors on June 11, 2019, suggesting a price target of $6.50 for the stock. On March 25, 2019, H.C. Wainwright Initiated their recommendations, while on May 09, 2013, Global Hunter Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Neutral rating from Global Hunter Securities on October 18, 2012.

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