Montage Gold Corp. (OTCMKTS:MAUTF – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,111,012 shares, a decline of 46.9% from the May 14th total of 3,977,731 shares. Based on an average daily volume of 147,224 shares, the short-interest ratio is presently 14.3 days.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets reissued 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.com, the stock has an average rating of “Buy”.
Read Our Latest Research Report on MAUTF
Montage Gold Stock Performance
About Montage Gold
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.
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