Market Insights: Gold Resource Corp (GORO)’s Notable Drop of -0.38, Closing at 0.56

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As of close of business last night, Gold Resource Corp’s stock clocked out at $0.56, down -0.38% from its previous closing price of $0.56. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 0.53 million shares were traded.

Ratios:

To gain a deeper understanding of GORO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 2.73 whereas as Long-Term Debt/Eq ratio is at 2.73.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on July 21, 2022, initiated with a Buy rating and assigned the stock a target price of $4.25.

On June 11, 2019, ROTH Capital started tracking the stock assigning a Buy rating and target price of $6.50.

On March 25, 2019, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $7.75.H.C. Wainwright initiated its Buy rating on March 25, 2019, with a $7.75 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 1.95.

Stock Price History:

Over the past 52 weeks, GORO has reached a high of $0.74, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 12.66%, while the 200-Day Moving Average is calculated to be 57.07%.

Shares Statistics:

A total of 121.60M shares are outstanding, with a floating share count of 119.53M. Insiders hold about 1.70% of the company’s shares, while institutions hold 10.64% stake in the company.

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