Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 711 shares, a drop of 83.2% from the April 15th total of 4,237 shares. Based on an average daily volume of 19,845 shares, the short-interest ratio is currently 0.0 days.
Magellan Gold Trading Down 11.8%
MAGE stock traded down $0.02 during trading on Tuesday, hitting $0.15. The company had a trading volume of 11,250 shares, compared to its average volume of 13,932. Magellan Gold has a 52-week low of $0.09 and a 52-week high of $0.38. The company has a 50 day simple moving average of $0.22 and a 200-day simple moving average of $0.23.
Magellan Gold Company Profile
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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