Short Interest in Gold Resource Co. (GORO) Expands By 2.1%
Gold Resource Co. (NYSE:GORO) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,485,124 shares, an increase of 2.1% from the October 31st total of 2,433,475 shares. Based on an average daily volume of 1,399,276 shares, the short-interest ratio is currently 1.8 days. Currently, 4.6% of the shares of the stock are sold short.
In other news, CFO John A. Labate sold 50,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $6.09, for a total transaction of $304,500.00. Following the transaction, the chief financial officer now owns 50,000 shares in the company, valued at approximately $304,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregory A. Patterson sold 33,333 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $5.81, for a total transaction of $193,664.73. Following the transaction, the vice president now owns 395,263 shares in the company, valued at approximately $2,296,478.03. The disclosure for this sale can be found here.
Shares of Gold Resource (NYSE:GORO) traded up 1.42% on Friday, hitting $4.29. 276,714 shares of the stock traded hands. The firm has a market capitalization of $242.67 million and a PE ratio of 42.06. Gold Resource has a 52 week low of $1.14 and a 52 week high of $8.22. The firm’s 50 day moving average is $5.26 and its 200 day moving average is $5.07.
The firm also recently declared a monthly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th were given a dividend of $0.0017 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Tuesday, November 8th.
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Gold Resource Company Profile
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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