Shares of Golden Star Resources Ltd (GSS) Rally 25.92%

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 50.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 24.07%, 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 25.92% in the last 1 week, and is up 57.55% 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 38.96% and the 50-Day Moving Average is 51.18%.

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 $0.97 and $0.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.96, notching a gain of 0.09% for the day. The total traded volume was 6,935,169 . The stock had closed at $0.96 on the previous day.


The company Insiders own 2.81% of Golden Star Resources Ltd shares according to the proxy statements. Institutional Investors own 14.99% of Golden Star Resources Ltd shares.

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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