Montage Gold Corp. (OTCMKTS:MAUTF) Sees Large Decrease in Short Interest

Montage Gold Corp. (OTCMKTS:MAUTF) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,977,731 shares, a drop of 39.0% from the April 30th total of 6,525,607 shares. Based on an average daily volume of 162,142 shares, the short-interest ratio is presently 24.5 days.

Montage Gold Price Performance

Shares of OTCMKTS:MAUTF remained flat at $11.88 during trading on Wednesday. 6,769 shares of the stock were exchanged, compared to its average volume of 186,061. The company has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $9.23. Montage Gold has a 1 year low of $2.98 and a 1 year high of $12.80.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Montage Gold in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Montage Gold Company Profile

Montage Gold Inc is a mineral exploration company focused on the acquisition, exploration and development of gold projects in West Africa. Headquartered in Vancouver, British Columbia, the company is building a portfolio of highly prospective assets in one of the world’s most prolific gold regions. Montage Gold conducts systematic field programs to advance its targets toward resource definition and potential development.

The company’s principal assets include the Morila West and Tabango gold projects in southwestern Mali.