Apr. 22 at 5:34 PM
$GORO
The Optimists (The Bulls): They love that the company has zero debt and about
$25 million in cash. This makes GORO much safer than other "penny" gold stocks that are drowning in debt. Because gold and silver prices are staying high, the "Bulls" believe the stock could hit
$2.00.
• Cash on Hand: Approximately
$25 million.
• Debt Status: Debt-Free.
• Revenue: They recently reported a "beat" in earnings, bringing in over
$51 million in a single quarter due to high gold and silver prices.
GORO is in a very strong position. They are debt-free, making money, and benefit from high gold prices. The upcoming earnings in May is the next big moment. While the trend is currently Bullish (going up), Gold and Silver prices have been very high recently. This means GORO gets more "bang for their buck" for every ounce they sell. Last quarter, they reported a surprise profit of
$0.14 per share, which was much better than people expected.