Short Interest in Magellan Gold Co. (OTCMKTS:MAGE) Drops By 83.2%

by · The Cerbat Gem

Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 711 shares, a decline of 83.2% from the April 15th total of 4,237 shares. Based on an average daily volume of 19,845 shares, the days-to-cover ratio is currently 0.0 days.

Magellan Gold Stock Performance

Shares of MAGE traded down $0.02 during trading hours on Tuesday, hitting $0.15. The stock had a trading volume of 11,250 shares, compared to its average volume of 13,932. The firm has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.23. Magellan Gold has a fifty-two week low of $0.09 and a fifty-two week high of $0.38.

Magellan Gold Company Profile

(Get Free Report)

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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