Midway Gold Corp. Sees Large Growth in Short Interest (MDW)
Midway Gold Corp. (NYSE:MDW) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 1,276,463 shares, an increase of 0.3% from the July 15th total of 1,280,942 shares, Analyst RN reports. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 512,498 shares, the days-to-cover ratio is currently 2.5 days.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Midway Gold Corp. from C$1.25 to C$1.20 in a research note on Tuesday. They now have a “speculative buy” rating on the stock. Finally, analysts at Pi Financial raised their price target on shares of Midway Gold Corp. from C$1.60 to C$1.75 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock.
Midway Gold Corp. (NYSE:MDW) opened at 0.97 on Thursday. Midway Gold Corp. has a 52-week low of $0.72 and a 52-week high of $1.44. The stock has a 50-day moving average of $0.89 and a 200-day moving average of $0.9. The company’s market cap is $130.1 million.
Midway Gold Corp. (NYSE:MDW) is a development-stage company engaged in the acquisition, exploration and development of gold and silver mineral properties in North America.
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