Technical Roundup on Gold Stocks -- Golden Star Resources, Sandstorm Gold, NovaGold Resources, and Alamos Gold
NEW YORK, October 31, 2016 /PRNewswire/ --
Stock-Callers.com takes notice of the following Gold equities ahead of today's trading session: Golden Star Resources Ltd (NYSE MKT: GSS), Sandstorm Gold Ltd (NYSE MKT: SAND), NovaGold Resources Inc. (NYSE MKT: NG), and Alamos Gold Inc. (NYSE: AGI). On Friday, October 28, 2016, gold futures closed up 0.6% at $1,282.10 a troy ounce on the Comex division of the New York Mercantile Exchange due to the reopening of the Clinton email investigation. Sign up today and download for free the research reports for the stocks covered today at:
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Golden Star Resources
Toronto, Canada headquartered Golden Star Resources Ltd's stock recorded a trading volume of 1.33 million shares on Friday, and finished the trading session 1.14% lower at $0.87. The Company's shares have gained 4.82% in the last one month, 14.47% over the previous three months, and 411.76% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.96% and 41.97%, respectively. Furthermore, shares of Golden Star Resources, which operates as a gold mining and exploration company, have a Relative Strength Index (RSI) of 64.89.
On October 27th, 2016, Golden Star announced that it has received a mining lease for the Mampon deposit in Ghana. Mampon is a high grade, oxide deposit containing 45,000 ounces of gold (304 kilotonnes (Kt) at 4.60 grams per tonne (g/t)), approximately 80 kilometers to the north of the Company's carbon-in-leach processing plant at the Bogoso site. Following the receipt of the mining lease, the next step for the Company is to obtain an environmental permit. Golden Star expects to start mining Mampon in the first half of 2017. GSS complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=GSS
Sandstorm Gold
Last Friday, Vancouver, Canada headquartered Sandstorm Gold Ltd's stock recorded a trading volume of 1.45 million shares, and ended the session at 0.86% higher at $4.68. The Company's shares have surged 77.95% on an YTD basis. The stock is trading 9.68% above its 200-day moving average. Moreover, shares of Sandstorm Gold, which focuses on acquiring gold and other precious metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines, have an RSI of 44.95.
On October 3rd, 2016, Sandstorm Gold announced that the Company has sold approximately 12,500 attributable gold equivalent ounces during Q3 2016. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 75% of the ounces coming from operations run by major and mid-tier mining companies. It is expected that the Company will release its detailed financial results for Q3 2016 in early November 2016. The complimentary report on SAND can be downloaded at:
http://stock-callers.com/registration/?symbol=SAND
NovaGold Resources
Vancouver, Canada-based NovaGold Resources Inc.'s stock ended the day 3.98% higher at $4.96 with a total trading volume of 2.13 million shares. The Company's shares have gained 17.81% on an YTD basis. The stock is trading 4.39% below its 50-day moving average. Additionally, shares of NovaGold Resources, which explores and develops mineral properties in Canada and the US, have an RSI of 55.33.
On October 4th, 2016, NovaGold reported that loss from operations in Q3 2016 decreased from $6.6 million in Q3 2015 to $6.4 million. Net loss increased from $6.3 million ($0.02 per share) in Q3 2015 to $7.4 million ($0.02 per share) in Q3 2016, primarily due to a $1.1 million foreign exchange gain in Q3 2015. NovaGold's cash and term deposits have decreased by $3.3 million and $18.3 million in Q3 2016 and in the first nine months of 2016, respectively. Sign up for your complimentary report on NG at:
http://stock-callers.com/registration/?symbol=NG
Alamos Gold
Shares in Toronto, Canada headquartered Alamos Gold Inc. recorded a trading volume of 2.30 million shares, which was above their three months average volume of 2.00 million shares. The stock ended Friday's session 2.54% lower at $7.68. The Company's shares have surged 133.43% since the start of this year. The stock is trading above its 200-day moving average by 12.26%. Furthermore, shares of Alamos Gold, which explores for, mines, develops, and produces gold deposits in the US and Canada, have an RSI of 46.49.
On October 21st, 2016, Alamos Gold announced the purchase of 25,300,000 common shares of Corex Gold Corp. representing approximately 19.07% of the Corex's outstanding common shares. The shares were acquired by Alamos by way of private placement at a price of C$0.10 per share. Alamos Gold carried out the Transaction for investment purposes and may increase or decrease its investment based on market conditions. Download the research report for free on AGI at:
http://stock-callers.com/registration/?symbol=AGI
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