Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) down by 17.81%, GT Advanced Technologies Inc (NASDAQ:GTAT)

Posted by George Brook May 9, 2013 0 Comment 1318 views


Hartford, CT 05/09/2013 (GDPInsider) – Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) tumbled 17.81% to $0.830. Its opening share price was $0.93 as compared to the previous days share closing price of $1.01. The stock rose to an intraday high of $0.95 and dipped to an intraday low of $0.83. Shares in excess of 2.35 million were traded in today’s trading session as compared to the average trading volume of 2.17 million which is calculated over a period of thirty days. The market cap of the stock at current levels is $215.0 million and beta is 1.09 which is calculated from the movement of the stock in comparison to the index. The analysts are targeting a price of about $1.67, thus there is further room for the stock to rise. The short float percentage in the company’s stock is 4.65% and the short ratio is 5.98. The price of the stock is 20.02% below its 20 days simple moving average of $1.02.

The company reported its 1Q2013 results where revenue increased by 1% to $132.9 million as compared to $131.0 million a year ago. The gold price declined from $1,686 per ounce in 2012 to $1,634 per ounce in the first quarter of 2013, this decline was offset by the rise in the sales of Gold by about 4.7%, which was 81,361 ounces in 1Q2013 from 77,725 ounces in 1Q2012. The company reported a net loss of $6.6 million in 1Q2013 as compared to a net loss of $9.1 million a year ago.

Is GSS a solid investment at these levels? Get valuable updates and exclusive insights here.

GT Advanced Technologies Inc (NASDAQ:GTAT) escalated 2.10% to $3.89. Its opening share price was $3.81 as compared to the previous days share closing price of $3.81. The stock rose to an intraday high of $3.99 and dipped to an intraday low of $3.77. Shares in excess of 1.32 million were traded in today’s trading session as compared to the average trading volume of 4.51 million which is calculated over a period of thirty days. The market cap of the stock at current levels is $464.54 million and beta is 1.71 which is calculated from the movement of the stock in comparison to the index. The analysts are targeting a price of about $3.98, thus there is further room for the stock to rise. The short float percentage in the company’s stock is 32.29% and the short ratio is 9.85. The price of the stock is 7.57% above its 20 days simple moving average of $1.02.

How Should Investors Trade GTAT Now? Get the latest trends and data here.

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About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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