Why the Gold Road (ASX:GOR) share price is lifting today

The Gold Road Resources Ltd (ASX: GOR) share price has been all over the map this year.

After falling 54% from 24 February through to 16 March during the COVID-driven market panic, shares surged 144% to reach an all-time high of $1.98 by 22 July. Since that high, shares have retraced by 35%, currently trading at $1.26.

Following on a renewable energy upgrade announcement at its Gruyere gold mine this morning, and a slight uptick in the price of gold, the share price is up 1.2% in morning trade.

What does Gold Road Resources do?

Gold Road is an Australian gold producer. The company has a Tier 1 mine and exploration projects in the Yamarna Greenstone Belt in Western Australia’s north-eastern Goldfields.

Gold Road owns 50% of the…