Gold Resource Co. (NYSE:GORO) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 2,499,934 shares, a growth of 17.8% from the September 15th total of 2,122,972 shares. Based on an average daily volume of 1,574,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 4.6% of the company’s stock are short sold.
Shares of Gold Resource (NYSE:GORO) opened at 5.48 on Friday. The company has a market cap of $297.38 million and a price-to-earnings ratio of 83.03. The firm’s 50-day moving average is $6.19 and its 200-day moving average is $4.55. Gold Resource has a 52 week low of $1.14 and a 52 week high of $8.22.
About Gold Resource
Gold Resource Corporation is a producer of metal concentrates that contain gold, silver, copper, lead and zinc, and dore containing gold and silver at the Aguila Project in the southern state of Oaxaca, Mexico (Oaxaca). The Company has two units in North America, the Oaxaca Mining Unit and the Nevada Mining Unit.
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