Gold Resource Corporation

Gold Resource Corporationverified

GORO

Price:

$0.3456

Market Cap:

$32.32M

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal asset is the 100% owned Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan. The company was founded in 1998 and is headquartered in Denver, Colorado.[Read more]

Industry

Gold

IPO Date

2006-09-14

Stock Exchange

AMEX

Ticker

GORO

The Current Ratio as of September 2024 (TTM) for Gold Resource Corporation (GORO) is 2.17

According to Gold Resource Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.17. This represents a change of 1.49% compared to the average of 2.14 of the last 4 quarters.

Gold Resource Corporation (GORO) Historical Current Ratio (quarterly & annually)

How has GORO Current Ratio performed in the past?

The mean historical Current Ratio of Gold Resource Corporation over the last ten years is 2.43. The current 2.17 Current Ratio has changed 8.84% with respect to the historical average. Over the past ten years (40 quarters), GORO's Current Ratio was at its highest in in the September 2016 quarter at 3.89. The Current Ratio was at its lowest in in the March 2019 quarter at 1.34.

Quarterly (TTM)
Annual

Average

2.43

Median

2.26

Minimum

1.77

Maximum

3.55

Gold Resource Corporation (GORO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Gold Resource Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 95.91%

Maximum Annual Current Ratio = 3.55

Minimum Annual Increase = -44.01%

Minimum Annual Current Ratio = 1.77

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.3425.26%
20221.87-5.98%
20211.99-44.01%
20203.5595.91%
20191.812.38%
20181.77-37.53%
20172.83-13.37%
20163.2749.30%
20152.19-17.46%
20142.65-32.79%

Gold Resource Corporation (GORO) Average Current Ratio

How has GORO Current Ratio performed in the past?

The current Current Ratio of Gold Resource Corporation (GORO) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.06

5-year avg

2.31

10-year avg

2.43

Gold Resource Corporation (GORO) Current Ratio vs. Peers

How is GORO’s Current Ratio compared to its peers?

Gold Resource Corporation’s Current Ratio is less than IAMGOLD Corporation (0), greater than Eldorado Gold Corporation (1.34), less than Coeur Mining, Inc. (3.62), greater than Alamos Gold Inc. (1.20), less than New Gold Inc. (3.04), greater than Kinross Gold Corporation (1.50), greater than Harmony Gold Mining Company Limited (1.20), greater than null (1.62),

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