Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.24 and traded as low as $0.19. Magellan Gold shares last traded at $0.19, with a volume of 15,000 shares traded.
Magellan Gold Price Performance
The company’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.22.
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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