Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,603 shares, a growth of 660,200.0% from the June 15th total of 1 shares. Based on an average daily volume of 25,322 shares, the short-interest ratio is presently 0.3 days.
Magellan Gold Trading Down 33.3%
OTCMKTS:MAGE traded down $0.04 during mid-day trading on Friday, hitting $0.09. The stock had a trading volume of 61,666 shares, compared to its average volume of 13,421. Magellan Gold has a twelve month low of $0.08 and a twelve month high of $0.38. The company’s 50 day simple moving average is $0.14 and its 200 day simple moving average is $0.20.
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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