Marathon Gold (TSE:MOZ) Stock Crosses Below 50 Day Moving Average of $0.77

Marathon Gold Co. (TSE:MOZ)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.77 and traded as low as C$0.77. Marathon Gold shares last traded at C$0.81, with a volume of 974,784 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their target price on Marathon Gold from C$0.75 to C$0.80 in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$0.99.

Marathon Gold Stock Performance

The company has a 50-day simple moving average of C$0.77 and a two-hundred day simple moving average of C$0.72. The company has a quick ratio of 8.40, a current ratio of 1.68 and a debt-to-equity ratio of 96.92. The firm has a market cap of C$380.02 million, a PE ratio of -16.20 and a beta of 1.68.

About Marathon Gold

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.