Magellan Gold (OTCMKTS:MAGE) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Magellan Gold Co. (OTCMKTS:MAGEGet Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.12 and traded as low as $0.07. Magellan Gold shares last traded at $0.07, with a volume of 20,000 shares changing hands.

Magellan Gold Trading Up 6.1 %

The business’s fifty day simple moving average is $0.09 and its 200-day simple moving average is $0.12.

About Magellan Gold

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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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