Golden Star Resources Ltd June 15th Short Interest Update

Golden Star Resources Ltd (NYSEMKT:GSS) has witnessed a rise of 5.8% or 378,544 shares in its short figure. The short interest augmentation took it from 6,516,091 on May 31,2016 to 6,894,635 on June 15,2016. In terms of floated shares, the short interest was calculated to be 2.7%. The days to cover are 4 given that the daily volume averaged 1,942,988 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Golden Star Resources Ltd (NYSEMKT:GSS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.66 and $0.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.63, notching a gain of 7.36% for the day. The total traded volume was 2,907,676 . The stock had closed at $0.59 on the previous day.

The company shares have rallied 90.91% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $0.84 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $0.60 and the 200 Day Moving Average price is recorded at $0.43.

Golden Star Resources Ltd (NYSEMKT:GSS) has climbed 4.03% in the past week and advanced 22.07% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.76% and the outperformance has advanced to 25.76% for the last 4 weeks period.

Golden Star Resources Ltd. (Golden Star) is a gold mining company. The Company holds 90% interest in the Wassa, Prestea and Bogoso gold mines in Ghana. The Company is engaged in the brownfield development projects at its Wassa and Prestea mines. The Wassa mine is located approximately 35 kilometers east of the town of Bogoso, Ghana. Wassa has a non-refractory processing plant (Wassa processing plant) consisting of a carbon-in-leach (CIL) system. Bogoso operates a gold ore processing facility, which uses bio-oxidation technology to treat refractory ore (Bogoso refractory plant). Bogoso also has a CIL processing facility located adjacent to the Bogoso refractory plant, which is used for treating non-refractory gold ores (Bogoso non-refractory plant). Through Bogoso, the Company owns the Prestea Underground Mine, which is located on the Prestea property.

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