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