Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) dropped 7.4% during mid-day trading on Monday . The company traded as low as $0.2257 and last traded at $0.25. Approximately 4,660 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 13,837 shares. The stock had previously closed at $0.27.
Magellan Gold Stock Performance
The firm has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.17.
Magellan Gold Company Profile
Magellan Gold (OTCMKTS:MAGE) is a junior mineral exploration company based in Vancouver, British Columbia, focused on the acquisition, exploration and development of gold-bearing properties. The company’s objective is to generate value through systematic field programs that include geological mapping, sampling, geophysical surveys and targeted drill campaigns aimed at defining high-potential gold occurrences.
Magellan Gold’s asset portfolio is concentrated in northwestern Mexico, where it holds interests in several early-stage gold projects.
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