Golden Star Resources (TSE:GSC) Share Price Passes Above 200-Day Moving Average of $4.90
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.90 and traded as high as $4.13. Golden Star Resources shares last traded at $4.00, with a volume of 11,421 shares.
GSC has been the subject of a number of recent research reports. National Bank Financial boosted their price objective on Golden Star Resources from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Desjardins lowered Golden Star Resources from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Beacon Securities lowered Golden Star Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 316.59. The business has a fifty day simple moving average of C$4.03 and a 200 day simple moving average of C$4.90. The stock has a market capitalization of $420.20 million and a P/E ratio of -17.17.
About Golden Star Resources (TSE:GSC)
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.
Further Reading: What are some reasons analysts would give stocks a buy rating?
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