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Gold Resource Corporation (GORO) traded on unusually high volume on Jan. 12, as the stock gained 3.79% to close at $4.66. On the day, Gold Resource Corporation saw 619,181 shares trade hands on 2,474 trades. Considering that the stock averages only a daily volume of 378,051 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $6.27 and $3.08 over the last 52-weeks, its 50-day SMA is now $4.03, and its 200-day SMA $3.89. Gold Resource Corporation has a P/B ratio of 2.25. It also has a P/E ratio of 37.4.
Gold Resource Corp is a US-based company that produces metal concentrates and dore. The metal concentrates contain gold, silver, copper, lead, and zinc, and the dore contains only gold and silver. The company operates in Oaxaca (Mexico) and Nevada (USA).
Headquartered in Colorado Springs, CO, Gold Resource Corporation has 13 employees and is currently under the leadership of CEO Jason D. Reid.
For a complete fundamental analysis analysis of Gold Resource Corporation, check out Equities.com’s Stock Valuation Analysis report for GORO.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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