Gold Resource Corporation (NYSEAMEX:GORO) reported on Thursday that it has picked Jesus Rivera, a mining and metallurgy engineer with experience in underground mining operations, as general manager of its Mexican Oaxaca mining business, which is in charge for companys El Aguila project.
The Mexico-focused gold producer reported that Jesus Rivera is substituting Juan Manuel Flores, who has made decision to pursue other options.
Jesus Rivera joins the corporation from Yamana Gold, where he was operations manager for the Mercedes project in Sonora, Mexico, and has earlier held options from Farallon Mining and Genco Resources.
Shifting readers focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Gold Reserve Inc. (NYSE:GRZ) rose +1.25% to settle at $3.25, Royal Gold, Inc USA) (NASDAQ:RGLD) moved down -3.26% to end at 86.20 while Newmont Mining Corp (NYSE:NEM) dropped -1.94% to finish at $54.97 on Thursday.
Gold Resource Corporation (NYSE:GORO) on Oct 18, 2012 decreased -10.62% to the closing price of $18.01. The overall volume in the last trading session was 2.13 million shares. Its fifty two weeks range was $16.54 $28.36. The total market capitalization remained at $951.45 million.
GORO is ahead of its 52-week low with 9.85% and lagging behind from its 52-week high price with -35.49%. GOROs last months stock price volatility remained 4.27%. In its share capital GORO has 52.83 million outstanding shares, among them 31.36 million shares have been floated in market exchange. GOROs stocks institutional ownership remained 32.27% while insider ownership included 8.47%.
The stock price of GORO is moving down from its 20 days moving average with -14.08% and remote negatively from 50 days moving average with -9.54%. GOROs current years earnings per share experienced an addition with 331.14% while its current quarter performance remained at 3.86%. Companys beta coefficient included 1.09. Beta factors measure the amount of market risk associated with market trade.
