Montage Gold (OTCMKTS:MAUTF) Trading Up 0.4% – Here’s Why

Montage Gold Corp. (OTCMKTS:MAUTFGet Free Report) shares shot up 0.4% during mid-day trading on Monday . The company traded as high as $11.95 and last traded at $11.4001. 16,960 shares traded hands during trading, a decline of 90% from the average daily volume of 178,072 shares. The stock had previously closed at $11.36.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Montage Gold in a research note on Monday, May 18th. Scotiabank reissued an “outperform” rating on shares of Montage Gold in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on Montage Gold

Montage Gold Price Performance

The stock’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $10.82.

Montage Gold Company Profile

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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.

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