Shares of Golden Star Resources Ltd (NYSE American:GSS) traded today at $2.44, breaking its 52-week low. This new low was reached on below average trading volume as 205,000 shares traded hands, while the average 30-day volume is approximately 482,000 shares.
Golden Star Resources Ltd is a Canadian-based gold mining and exploration company. The company holds interests in various gold exploration projects in Ghana and parts of West Africa, and it also holds and manages properties in Brazil. The majority of the group’s gold production is sold to a gold refinery in South Africa. The long-term objective of the company is to continue developing low-cost projects.
Potential upside of 20.9% exists for Golden Star Resources Ltd, based on a current level of $2.45 and analysts’ average consensus price target of $2.96.
Golden Star Resources Ltd share prices have moved between a 52-week high of $5.20 and the current low of $2.44 and are currently at $2.45 per share.
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