Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,603 shares, a growth of 660,200.0% from the June 15th total of 1 shares. Based on an average trading volume of 25,322 shares, the days-to-cover ratio is presently 0.3 days.
Magellan Gold Trading Down 33.3%
Shares of OTCMKTS MAGE traded down $0.04 during mid-day trading on Friday, reaching $0.09. 61,666 shares of the company’s stock were exchanged, compared to its average volume of 13,421. The business has a fifty day simple moving average of $0.14 and a 200 day simple moving average of $0.20. Magellan Gold has a twelve month low of $0.08 and a twelve 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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