GORO Stock Summary and Trading Ideas (Gold Resource | AMEX:GORO)

Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

Gold Resource trades on the AMEX stock market under the symbol GORO.

As of April 23, 2024, GORO stock price climbed to $0.50 with 657,517 million shares trading.

GORO has a beta of 0.47, meaning it tends to be less sensitive to market movements. GORO has a correlation of 0.00 to the broad based SPY ETF.

GORO has a market cap of $44.34 million. This is considered a Sub-Micro Cap stock.

Last quarter Gold Resource reported $21 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.06.

In the last 3 years, GORO stock traded as high as $2.99 and as low as $.22.

The top ETF exchange traded funds that GORO belongs to (by Net Assets): VTI, SIL, VXF, IWC.

GORO has underperformed the market in the last year with a price return of -48.2% while the SPY ETF gained +24.3%. However, in the short term, GORO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +68.7% vs +4.6% return in SPY. But in the last 2 weeks, GORO shares have been beat by the market, returning -11.4% compared to an SPY return of -2.6%.

GORO support price is $.41 and resistance is $.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GORO stock will trade within this expected range on the day.