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

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.12 and traded as low as $0.0615. Magellan Gold shares last traded at $0.07, with a volume of 102,647 shares.

Magellan Gold Stock Up 4.5%

The business’s fifty day moving average is $0.12 and its 200-day moving average is $0.19.

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.

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