Magellan Gold Co. (OTCMKTS:MAGE) Sees Large Drop in Short Interest

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report) was the target of 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 trading volume of 19,845 shares, the short-interest ratio is presently 0.0 days.

Magellan Gold Price Performance

OTCMKTS:MAGE remained flat at $0.14 on Thursday. 13,770 shares of the company’s stock were exchanged, compared to its average volume of 14,016. The stock’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.23. Magellan Gold has a one year low of $0.09 and a one year high of $0.38.

Magellan Gold Company Profile

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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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