Marathon Gold (TSE:MOZ) PT Raised to C$2.00 at Canaccord Genuity

Marathon Gold (TSE:MOZ) had its target price raised by investment analysts at Canaccord Genuity from C$1.80 to C$2.00 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity’s target price would indicate a potential upside of 52.67% from the company’s previous close.

Shares of Marathon Gold stock traded up C$0.09 on Thursday, reaching C$1.31. 621,371 shares of the company’s stock were exchanged, compared to its average volume of 171,667. Marathon Gold has a 52 week low of C$0.65 and a 52 week high of C$1.33. The business has a 50-day moving average price of C$1.14. The company has a quick ratio of 16.46, a current ratio of 16.50 and a debt-to-equity ratio of 0.02. The firm has a market cap of $184.08 million and a P/E ratio of -62.38.

In other news, Senior Officer Sheryl Mary Dunsworth bought 305,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of C$1.06 per share, for a total transaction of C$323,300.00. Following the acquisition, the insider now directly owns 1,207,400 shares in the company, valued at C$1,279,844.

About Marathon Gold

Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada and the United States. The company explores for gold and base metal deposits. Its principal property is the Valentine Lake gold property with 14 contiguous mineral licenses covering an area of 240 km2 located in Newfoundland.

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