Montage Gold (OTCMKTS:MAUTF) Stock Jumps 0.6% – Here’s What Happened

Montage Gold Corp. (OTCMKTS:MAUTF) traded up 0.6% during mid-day trading on Tuesday. The company traded as high as $12.5017 and last traded at $12.4294. 58,764 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 174,491 shares. The stock had previously closed at $12.3545.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an “outperform” rating on shares of Montage Gold in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Montage Gold Trading Down 1.8%

The company has a fifty day simple moving average of $13.60 and a 200 day simple moving average of $11.98.

About Montage Gold

Montage Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold assets in Côte d’Ivoire, West Africa. The company is developing the Koné Gold Project, a large-scale gold project in the northern part of the country, and is focused on exploration, resource definition, permitting and project development activities.

The Koné Gold Project includes several deposits and targets within a broader mineralized area. Montage Gold’s work includes geological exploration, drilling, engineering studies and evaluation of potential mining and processing operations.