The VP Exploration of Gold Resource Corp (NYSE MKT: GORO) is Selling Shares

By Carrie Williams

Today, the VP Exploration of Gold Resource Corp (NYSE MKT: GORO), Barry Devlin, sold shares of GORO for $305K.

This is Devlin’s first Sell trade following 5 Buy transactions. Following Barry Devlin’s last GORO Sell transaction on May 12, 2017, the stock climbed by 2.6%.

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Based on Gold Resource Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $31.58 million and quarterly net profit of $5.46 million. In comparison, last year the company earned revenue of $24.34 million and had a net profit of $4.38 million. GORO’s market cap is $352.5M and the company has a P/E ratio of 68.22. Currently, Gold Resource Corp has an average volume of 158.7K.

In the last 30 days, insiders have sold $506.3K worth of GORO shares and purchased $115K worth of GORO shares. The insider sentiment on Gold Resource Corp has been negative according to 16 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Gold Resource Corp. engages in the exploration, development, and production of metal concentrates and doré. Its products include gold, silver, copper, lead, and zinc. It operates through the following geographical segments: Mexico; Nevada; and Corporate Other.