Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1 shares, a decrease of 50.0% from the May 14th total of 2 shares. Based on an average daily trading volume, of 8,126 shares, the days-to-cover ratio is currently 0.0 days.
Magellan Gold Price Performance
Shares of MAGE opened at $0.12 on Friday. Magellan Gold has a twelve month low of $0.09 and a twelve month high of $0.38. The firm has a 50 day moving average of $0.17 and a 200 day moving average of $0.21.
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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