Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 711 shares, a decrease of 83.2% from the April 15th total of 4,237 shares. Based on an average daily volume of 19,845 shares, the days-to-cover ratio is presently 0.0 days.
Magellan Gold Stock Down 6.7%
Shares of MAGE stock traded down $0.01 on Wednesday, reaching $0.14. The stock had a trading volume of 13,770 shares, compared to its average volume of 14,016. The firm’s 50-day moving average is $0.22 and its two-hundred day moving average is $0.23. Magellan Gold has a 12 month low of $0.09 and a 12 month high of $0.38.
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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