Montage Gold Corp. (OTCMKTS:MAUTF) Sees Large Growth in Short Interest

Montage Gold Corp. (OTCMKTS:MAUTF) was the recipient of a large increase in short interest in 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 days-to-cover ratio is currently 19.3 days.

Montage Gold Trading Up 4.7%

MAUTF traded up $0.52 during trading on Tuesday, hitting $11.43. The company’s stock had a trading volume of 46,837 shares, compared to its average volume of 189,208. Montage Gold has a twelve month low of $2.98 and a twelve month high of $12.99. The firm’s 50 day moving average price is $11.12 and its 200-day moving average price is $10.38.

Analysts Set New Price Targets

MAUTF has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating on shares of Montage Gold in a research report on Tuesday, June 23rd. BMO Capital Markets restated an “outperform” rating on shares of Montage Gold in a research report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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.