Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1 shares, a drop of 100.0% from the June 30th total of 6,603 shares. Based on an average daily trading volume, of 37,909 shares, the short-interest ratio is presently 0.0 days.
Magellan Gold Price Performance
Shares of OTCMKTS:MAGE opened at $0.07 on Friday. The stock’s 50 day moving average is $0.11 and its 200-day moving average is $0.18. Magellan Gold has a twelve month low of $0.05 and a twelve month high of $0.38.
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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