Shares of Montage Gold Corp. (CVE:MAU – Get Rating) were down 5.6% during mid-day trading on Tuesday . The stock traded as low as C$0.66 and last traded at C$0.67. Approximately 19,700 shares traded hands during trading, a decline of 80% from the average daily volume of 100,890 shares. The stock had previously closed at C$0.71.
Separately, Raymond James set a C$2.00 price objective on shares of Montage Gold and gave the company a “strong-buy” rating in a report on Tuesday, April 26th.
The company has a market capitalization of C$70.38 million and a PE ratio of -2.99. The company’s fifty day moving average is C$0.81 and its 200-day moving average is C$0.72.
About Montage Gold (CVE:MAU)
Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. The Company's flagship property is the Morondo Gold Project covering an area of 1,143 square kilometers located in the Côte d'Ivoire, West Africa. Montage Gold Corp.
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