Golden Star Resources Ltd (GSS) Shares are Up 7.71%

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 13.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.71% in the last 1 week, and is up 12.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.89% and the 50-Day Moving Average is 9.78%.The 200 Day SMA reached 52.7%


Golden Star Resources Ltd (NYSEMKT:GSS): After opening at $0.8415, the stock dipped to an intraday low of $0.82 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.85 and the buying power remained strong till the end. The stock closed at $0.84 for the day, a gain of 1.20% for the day session. The total traded volume was 1,481,352. The stocks close on the previous trading day was $0.84.

Golden Star Resources Ltd (GSS) : Average target price received by Golden Star Resources Ltd (GSS) is $0.93 with an expected standard deviation of $0.37. The most aggressive target on the stock is $1, whereas the most downbeat target is $1. 3 financial analysts are currently covering the stock.

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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