Montage Gold (OTCMKTS:MAUTF) Stock Price Down 2.9% – Here’s Why

Montage Gold Corp. (OTCMKTS:MAUTF)’s stock price fell 2.9% during mid-day trading on Thursday . The company traded as low as $10.9960 and last traded at $11.0380. 124,011 shares changed hands during trading, a decline of 29% from the average session volume of 175,498 shares. The stock had previously closed at $11.37.

Wall Street Analyst Weigh In

MAUTF has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Montage Gold in a report on Wednesday, January 28th. Scotiabank restated an “outperform” rating on shares of Montage Gold in a report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Montage Gold Stock Performance

The stock has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $6.79.

About Montage Gold

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.