Magellan Gold (OTCMKTS:MAGE) Trading 4.3% Higher – What’s Next?

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report) shares rose 4.3% on Wednesday . The company traded as high as $0.2190 and last traded at $0.2190. Approximately 1,714 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 3,888 shares. The stock had previously closed at $0.21.

Magellan Gold Stock Performance

The stock has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.18.

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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