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

by · The Markets Daily

Magellan Gold Co. (OTCMKTS:MAGE – Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.11 and traded as low as $0.10. Magellan Gold shares last traded at $0.10, with a volume of 120 shares.

Magellan Gold Price Performance

The company has a 50-day moving average of $0.11 and a 200-day moving average of $0.13.

Magellan Gold Company Profile

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Magellan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral resources in Idaho and California. The company primarily explores for gold deposits. Its principal projects include the Center Star Mine located in located southeast of Grangeville, Idaho; and the Kris Project located in northwest of Reno, Nevada in Plumas County, California.

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