Magellan Gold Co. (OTCMKTS:MAGE) Sees Significant Drop in Short Interest

Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the target 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 volume of 8,126 shares, the days-to-cover ratio is presently 0.0 days.

Magellan Gold Price Performance

OTCMKTS MAGE traded down $0.00 during trading on Monday, hitting $0.12. 2,784 shares of the company’s stock traded hands, compared to its average volume of 12,778. Magellan Gold has a 12-month low of $0.09 and a 12-month high of $0.38. The business has a 50 day moving average of $0.17 and a 200-day moving average of $0.21.

About Magellan Gold

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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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