Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.24 and traded as low as $0.2011. Magellan Gold shares last traded at $0.2298, with a volume of 27,820 shares.
Magellan Gold Trading Up 7.6%
The company has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.22.
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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