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A Closer Look at Gold Resource Corp (GORO) Stock Gains

The stock market performance of Gold Resource Corp has been fairly unsteady. Over the last year, the company’s stock hit its highest at $1.19 on 04/05/23, while the lowest price during the same time frame was $0.22, recorded on 01/31/24.

52-week price history of GORO Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Gold Resource Corp’s current trading price is -65.13% away from its 52-week high, while its distance from the 52-week low is 92.75%. The stock’s price range during this period has fluctuated between $0.22 and $1.19. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 1.1 million for the day, which was evidently higher than the average daily volume of 0.61 million over the last three months.

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Financial Performance and Market Capitalization

Gold Resource Corp (GORO) has experienced a quarterly rise of 25.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 36.81M and boasts a workforce of 16 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3132, with a change in price of -0.0009. Similarly, Gold Resource Corp recorded 605,067 in trading volume during the last 100 days, posting a change of -0.22%.

GORO Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GORO stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.45.

GORO Stock Stochastic Average

The raw stochastic average for Gold Resource Corp over the last 50 days is presently at 86.94%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 85.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 73.44% and 74.05%, respectively.

GORO Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded an increase of 10.37%. However, over the last six months, the performance has been stronger by -6.32%. The price of GORO increased 56.60% over the last 30 days. And in the last five days, it has surged by 4.80%.

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