Magellan Gold (OTCMKTS:MAGE) Stock Passes Below 50-Day Moving Average – What’s Next?

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.17 and traded as low as $0.1197. Magellan Gold shares last traded at $0.1197, with a volume of 1,000 shares trading hands.

Magellan Gold Stock Performance

The business has a 50 day moving average of $0.17 and a 200 day moving average of $0.21.

Magellan Gold Company Profile

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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.

Further Reading

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