Golden Star Resources Ltd (GSS) Shares are Up 0.54%

Golden Star Resources Ltd (GSS) : Traders are bullish on Golden Star Resources Ltd (GSS) as it has outperformed the S&P 500 by a wide margin of 0.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.01%, relative to the S&P 500. The stock has risen by 0.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.78% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 5.92%.The 200 Day SMA reached 42.08% Golden Star Resources, Ltd. is up 21.31% in the last 3-month period. Year-to-Date the stock performance stands at 335.29%.


Golden Star Resources Ltd (GSS) stock is expected to deviate a maximum of $0.37 from the average target price of $0.93 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $1 and the most muted being $1.

Company shares have received an average consensus rating of Hold for the current week Golden Star Resources Ltd (NYSEMKT:GSS): The stock opened at $0.703 and touched an intraday high of $0.7443 on Friday. During the day, the stock corrected to an intraday low of $0.7, however, the bulls stepped in and pushed the price higher to close in the green at $0.74 with a gain of 2.86% for the day. The total traded volume for the day was 1,547,492. The stock had closed at $0.74 in the previous trading session.

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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