Montage Gold (OTCMKTS:MAUTF) Trading 3.5% Higher – Time to Buy?

Montage Gold Corp. (OTCMKTS:MAUTF) shares rose 3.5% during trading on Wednesday . The company traded as high as $10.7760 and last traded at $10.70. Approximately 104,525 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 194,660 shares. The stock had previously closed at $10.34.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Montage Gold in a research report on Wednesday, January 28th. Scotiabank reiterated an “outperform” rating on shares of Montage Gold in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Montage Gold Price Performance

The business’s 50-day simple moving average is $8.24 and its 200 day simple moving average is $5.94.

Montage Gold Company Profile

Montage Gold Inc is a mineral exploration company focused on the acquisition, exploration and development of gold projects in West Africa. Headquartered in Vancouver, British Columbia, the company is building a portfolio of highly prospective assets in one of the world’s most prolific gold regions. Montage Gold conducts systematic field programs to advance its targets toward resource definition and potential development.

The company’s principal assets include the Morila West and Tabango gold projects in southwestern Mali.