Gold Resource Corp (AMEX:GORO) shares, rose in value on Wednesday, April 16, with the stock price down by -4.08% to the previous day’s close as strong demand from buyers drove the stock to $0.43.
Actively observing the price movement in the last trading, the stock closed the session at $0.44, falling within a range of $0.4004 and $0.45. The value of beta (5-year monthly) was 1.199. Referring to stock’s 52-week performance, its high was $0.74, and the low was $0.12. On the whole, GORO has fluctuated by -14.33% over the past month.
With the market capitalization of Gold Resource Corp currently standing at about $51.19 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GORO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GORO currently trading nearly -12.20% and -5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.18, while the 7-day volatility ratio is showing 17.27% which for the 30-day chart, stands at 15.13%. Furthermore, Gold Resource Corp (GORO)’s beta value is 0.90, and its average true range (ATR) is 0.07.
A comparison of Gold Resource Corp (GORO) with its peers suggests the former has fared considerably weaker in the market. GORO showed an intraday change of -4.08% in last session, and over the past year, it shrunk by -20.41%%.
Data on historical trading for Gold Resource Corp (AMEX:GORO) indicates that the trading volumes over the past 10 days have averaged 1.9 and over the past 3 months, they’ve averaged 2.66 million. According to company’s latest data on outstanding shares, there are 120.44 million shares outstanding.
Nearly 1.76% of Gold Resource Corp’s shares belong to company insiders and institutional investors own 10.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.5 million shares as on 2025-03-31, resulting in a short ratio of 0.16. According to the data, the short interest in Gold Resource Corp (GORO) stood at 45.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.74 million. The stock has risen by 84.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GORO stock heading into the next quarter.
