Magellan Gold Co. (OTCMKTS:MAGE) Sees Significant Decline in Short Interest

Magellan Gold Co. (OTCMKTS:MAGE) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 100 shares, a decline of 96.4% from the February 28th total of 2,800 shares. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is presently 0.0 days.

Magellan Gold Price Performance

OTCMKTS MAGE remained flat at $0.22 on Friday. The firm has a 50 day moving average of $0.16 and a 200 day moving average of $0.13. Magellan Gold has a 1-year low of $0.06 and a 1-year high of $0.33.

Magellan Gold Company Profile

Magellan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral resources in Idaho and California. The company primarily explores for gold deposits. Its principal projects include the Center Star Mine located in located southeast of Grangeville, Idaho; and the Kris Project located in northwest of Reno, Nevada in Plumas County, California.