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Gold Resource Shares Plunged: What You Need to Know

By Travis Hoium - Updated Apr 6, 2017 at 10:28PM

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Is this meaningful? Or just another movement?

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Gold Resource (AMEX: GORO) fell 10% briefly today after the company announced its CFO was leaving.

So what: Monty Jennings is stepping down to take a position at another company. Gold Resource's CEO will fill in as CFO until a replacement for Jennings is found. It doesn't appear there was any conflict between Jennings and Gold Resource on the way out.

Now what: This doesn't appear to be a huge deal for the company going forward. The stock has recovered some of the losses and some of the downward momentum is probably due to the fact gold is down today. I don't see a reason to panic today, so sit tight and let the investment thesis play out on this one.

Interested in more info on Gold Resource? Add it to your watchlist.

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