Marathon Gold Co. (OTCMKTS:MGDPF – Get Free Report)’s stock price rose 2.4% during mid-day trading on Wednesday. The company traded as high as $0.5940 and last traded at $0.5940. Approximately 125,000 shares changed hands during trading, a decline of 28% from the average session volume of 173,683 shares. The stock had previously closed at $0.58.
Marathon Gold Stock Performance
The stock has a 50 day moving average of $0.59 and a 200 day moving average of $0.59.
Marathon Gold Company Profile
Marathon Gold Corporation was a Canadian mineral exploration and development company focused on advancing gold projects in Newfoundland and Labrador. Its principal asset was the Valentine Gold Project, a large-scale gold development located in the central part of the province.
The Valentine project included several mineral deposits and was intended to support an open-pit mining and milling operation. Marathon Gold’s activities centered on exploration, resource definition, feasibility studies, permitting, engineering and project development rather than producing and selling gold.
Marathon Gold was led by President and Chief Executive Officer Matt Manson during the company’s development of the Valentine project.
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