Gold Resource Corporation Initiates $2.5 Million Stock Offering

Gold Resource ( (GORO) ) just unveiled an announcement.

Gold Resource Corporation announced a registered direct offering of up to 15,625,000 shares of its common stock at $0.16 per share, aiming for gross proceeds of approximately $2.5 million. This strategic move is expected to enhance the company’s financial position and support its ongoing projects, potentially impacting its market standing and offering opportunities for stakeholders involved.

More about Gold Resource

Gold Resource Corporation is a gold and silver producer, developer, and explorer with operations centered on the Don David Gold Mine in Oaxaca, Mexico. The company focuses on leveraging its existing infrastructure and large land position surrounding the mine in Oaxaca, as well as developing the Back Forty Project in Michigan, USA.

YTD Price Performance: 6.76%

Average Trading Volume: 2,105,858

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $22.64M

See more insights into GORO stock on TipRanks’ Stock Analysis page.