Why Is Gold Resource Stock Falling Premarket On Tuesday?
Gold Resource Corporation (AMEX:GORO) shares declined premarket on Tuesday after the company disclosed a registered direct offering of up to 15.63 million shares at $0.16 per share. The company aims to raise approximately $2.5 million. The offering is expected to close within 10 days, pending customary conditions. Last month, Gold Resource provided an update on its operations and liquidity, noting improved production at the Don David Gold Mine in November compared to earlier in the fourth quarte