Golden Star Resources Ltd. (GSS - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.57 to $0.65 in the past one-month time frame.
The move came after the company raised its Inferred Mineral Resources estimate by more than doubled for the Wassa Underground Gold Mine in Ghana.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Golden Star Resources currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Investors interested in the Mining – Gold industry may consider Asanko Gold Inc. (AKG - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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