Let’s start up with the current stock price of Golden Star Resources Ltd. (GSS), which is $2.12 to be very precise. The Stock rose vividly during the last session to $2.24 after opening rate of $2.22 while the lowest price it went was recorded $2.08 before closing at $2.21.
Recently in News on July 19, 2021, Golden Star Provides Update Regarding the Sale of Bogoso-Prestea. Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (“Golden Star” or the “Company”) announces that Future Global Resources Limited (“FGR”) has defaulted on its obligation to pay the Company’s wholly-owned subsidiary, Caystar Holdings (“Caystar”), $15 million of the purchase price relating to the sale of Golden Star’s 90% interest in the Bogoso-Prestea Gold Mine to FGR under the share purchase agreement dated July 26, 2020, as supplemented by a letter agreement dated September 30, 2020, and amended by a first amending agreement dated March 28, 2021 and a second amending agreement dated May 31, 2021 (collectively, the “Share Purchase Agreement”). FGR has claimed that it is entitled to set-off its obligation to make such payment under the Share Purchase Agreement as a result of various alleged breaches of the Share Purchase Agreement, a claim which Golden Star and Caystar believe to be completely without merit. Caystar has also demanded that FGR’s major shareholder, Blue International Holdings Limited (“BIH”), pays the amount of $15 million pursuant to the guarantee made by BIH in the Share Purchase Agreement. In the event payment is not received from BIH, Golden Star and Caystar are evaluating all available avenues of recourse in order to seek full recovery of amounts owed by FGR under the Share Purchase Agreement. You can read further details here
Golden Star Resources Ltd. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.04 on 02/10/21, with the lowest value was $2.08 for the same time period, recorded on 07/20/21.
Golden Star Resources Ltd. (GSS) full year performance was -37.83%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Golden Star Resources Ltd. shares are logging -59.22% during the 52-week period from high price, and -3.64% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.20 and $5.20.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 941698 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Golden Star Resources Ltd. (GSS) recorded performance in the market was -42.86%, having the revenues showcasing -39.26% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 336.59M, as it employees total of 1626 workers.
Golden Star Resources Ltd. (GSS) in the eye of market guru’s
During the last month, 4 analysts gave the Golden Star Resources Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.20, with a change in the price was noted -1.18. In a similar fashion, Golden Star Resources Ltd. posted a movement of -35.76% for the period of last 100 days, recording 574,013 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GSS is recording 5.81 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.41.
Golden Star Resources Ltd. (GSS): Stocks Technical analysis and Trends
Raw Stochastic average of Golden Star Resources Ltd. in the period of last 50 days is set at 2.44%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 3.60%. In the last 20 days, the company’s Stochastic %K was 2.48% and its Stochastic %D was recorded 4.58%.
If we look into the earlier routines of Golden Star Resources Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -42.86%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -40.11%, alongside a downfall of -37.83% for the period of the last 12 months. The shares increased approximately by -18.77% in the 7-day charts and went up by -29.80% in the period of the last 30 days. Common stock shares were lifted by -39.26% during last recorded quarter.