Magellan Gold (OTCMKTS:MAGE) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.19 and traded as low as $0.17. Magellan Gold shares last traded at $0.17, with a volume of 20,000 shares.

Magellan Gold Stock Performance

The company has a 50-day simple moving average of $0.19 and a two-hundred day simple moving average of $0.14.

Magellan Gold Company Profile

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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.

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