Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2 shares, a drop of 99.7% from the April 30th total of 711 shares. Based on an average trading volume of 8,323 shares, the days-to-cover ratio is presently 0.0 days.
Magellan Gold Stock Performance
OTCMKTS:MAGE remained flat at $0.13 during trading hours on Friday. 204 shares of the company’s stock were exchanged, compared to its average volume of 13,482. Magellan Gold has a 52 week low of $0.09 and a 52 week high of $0.38. The stock has a fifty day moving average of $0.19 and a 200-day moving average of $0.22.
About Magellan Gold
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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