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Gold Resource Corp
Company Overview: Gold Resource Corp (NYSE American: GORO) is a company that produces, develops, and explores for gold and silver. It has operations in Oaxaca, Mexico, and Nevada, USA. The company targets projects with low capital expenditure and high potential returns. It also offers its shareholders the option to convert their cash dividends into physical gold and silver.
As per our previous US Daily report published on ‘GORO’ on 03rd November 2023, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 11.00 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~46.34% since then and has attained both resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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