Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 2 shares, a drop of 99.7% from the April 30th total of 711 shares. Based on an average daily volume of 8,323 shares, the days-to-cover ratio is presently 0.0 days.
Magellan Gold Price Performance
MAGE stock traded up $0.00 during trading on Wednesday, hitting $0.13. 204 shares of the company’s stock traded hands, compared to its average volume of 13,482. Magellan Gold has a 52 week low of $0.09 and a 52 week high of $0.38. The business has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.22.
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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