Small Caps Declining: Goldfield Corp (NYSEMKT:GV), Golden Star Resources Ltd. (USA) (NYSEMKT:GSS)

Posted by Chris Bell May 9, 2013 0 Comment 1218 views

Northern, WI 05/09/2013 (GDPInsider) –  Goldfield Corp (NYSEMKT:GV) is down 19.02% after starting the day’s trading at 2.65. The stock started south of its previous close of 3.05 and has a range of 2.45 and 2.84. Volume is 1.46 million, a marginal increase on the average volume of 1.15 million.

GV is trading down despite the recent upbeat earnings results released on May 9, 2013. The company reported a 27% increase in revenue for the three months ending March 31, 2013. On the strength of this increased revenues of $22.5 million the company managed to grow operating income by 8.0% to $3.0 million.

Investors seemed to have focused on the decrease in net income of $1.8 million or $0.07 a share. This was a slight decrease on figures recorded in the corresponding quarter of $2.7 million or $0.10 a share. GV still faces headwinds and is trading 18.54% below its 20-day simple moving average and 32.74% below its 50-day simple moving average. The stock is in oversold territory with a RSI of 29.68.

Is GV a solid investment at these levels? Get exclusive data and trends here.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) is down 12.85% after starting today’s trading session at 0.93. GSS has a range of 0.83 and 0.95 with a volume of 3.49 million. Average volume is 2.00 million and today’s increased trading activity is punctuated by a decline in insider transactions by 27.85%. Institutions own 61.39% and their share of transactions is down 2.71%.

GSS recently reported its Q1 2013 fiscal results and missed analysts’ estimates. The company saw a loss of $0.03 a share, a full $0.02 a share worse than predicted by analysts. The company did manage to increase revenues by 1.5%–this despite the downturn in the gold market. GSS continues to trade 16.27% below its 20-day simple moving average and 35.38% below its 50-day simple moving average. Analysts have set a target price of 1.67 for GSS and the stock has a RSI of 28.44. EPS next year is tipped to rise by 83.33% and the company has a market cap of $261.70 million.

How Should Investors Trade GSS Now? Get exclusive insights and updates here.



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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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