Marathon Gold (TSE:MOZ) Stock Crosses Below 50 Day Moving Average of $0.77

Marathon Gold Co. (TSE:MOZ)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.77 and traded as low as C$0.77. Marathon Gold shares last traded at C$0.81, with a volume of 974,784 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James raised their price target on Marathon Gold from C$0.75 to C$0.80 in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$0.99.

Marathon Gold Trading Up 5.2 %

The company has a quick ratio of 8.40, a current ratio of 1.68 and a debt-to-equity ratio of 96.92. The stock has a fifty day simple moving average of C$0.77 and a 200 day simple moving average of C$0.72. The firm has a market capitalization of C$380.02 million, a P/E ratio of -16.20 and a beta of 1.68.

About Marathon Gold

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.