Short Interest in Montage Gold Corp. (OTCMKTS:MAUTF) Expands By 218.2%

Montage Gold Corp. (OTCMKTS:MAUTF) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,126,493 shares, an increase of 218.2% from the June 15th total of 1,925,320 shares. Based on an average daily trading volume, of 317,153 shares, the short-interest ratio is currently 19.3 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAUTF shares. Scotiabank restated an “outperform” rating on shares of Montage Gold in a report on Tuesday, June 23rd. BMO Capital Markets restated an “outperform” rating on shares of Montage Gold in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Montage Gold currently has a consensus rating of “Buy”.

Montage Gold Price Performance

Shares of Montage Gold stock traded down $0.58 during midday trading on Monday, reaching $11.57. 12,465 shares of the company’s stock traded hands, compared to its average volume of 186,288. The stock has a 50 day moving average of $11.10 and a 200-day moving average of $10.35. Montage Gold has a 12 month low of $2.98 and a 12 month high of $12.99.

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.