Calls Purchased on Golden Star Resources (GSS)

Shares of Golden Star Resources GSS are lower on the session by 0.32%, currently trading at $3.07. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the August 2011 $3.00 call was purchased 700 times, on the offer, on open interest of 2,551 contracts. Overall call volume is now running at 2.22x the daily average with 84% of all calls traded being purchases on the offer. Golden Star Resources Ltd. is an international gold mining and exploration company producing gold in Ghana, West Africa. The company also conducts gold exploration in other countries in West Africa and in South America. It owns controlling interests in several gold properties in southwest Ghana.