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Shares of Midway Gold Corp. (NYSE:MDW) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,219,106 shares, a drop of 4.5% from the July 31st total of 1,276,463 shares, AR Network reports. Based on an average daily volume of 1,112,352 shares, the short-interest ratio is presently 1.1 days. Currently, 0.9% of the company’s shares are sold short.

Separately, 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, August 12th. They now have a “speculative buy” rating on the stock.

Shares of Midway Gold Corp. (NYSE:MDW) opened at 0.9726 on Thursday. Midway Gold Corp. has a 52 week low of $0.72 and a 52 week high of $1.44. The stock’s 50-day moving average is $0.92 and its 200-day moving average is $0.97. The company’s market cap is $166.5 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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