Shares of Golden Star Resources Ltd (NYSE American:GSS) traded at a new 52-week low today of $2.52. This new low was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 479,000 shares.
Potential upside of 16.7% exists for Golden Star Resources Ltd, based on a current level of $2.54 and analysts’ average consensus price target of $2.96.
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.
In the past 52 weeks, shares of Golden Star Resources Ltd have traded between the current low of $2.52 and a high of $5.20 and is now at $2.54.
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