Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 1 shares, a drop of 50.0% from the May 14th total of 2 shares. Based on an average daily trading volume, of 8,126 shares, the short-interest ratio is currently 0.0 days.
Magellan Gold Price Performance
Magellan Gold stock opened at $0.12 on Friday. The business’s fifty day simple moving average is $0.17 and its two-hundred day simple moving average is $0.21. 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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