Marathon Gold (TSE:MOZ) Trading 5.2% Higher

Shares of Marathon Gold Co. (TSE:MOZ) shot up 5.2% on Tuesday . The company traded as high as C$0.81 and last traded at C$0.81. 974,784 shares were traded during mid-day trading, an increase of 32% from the average session volume of 737,767 shares. The stock had previously closed at C$0.77.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective on Marathon Gold from C$0.75 to C$0.80 in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$0.99.

Marathon Gold Stock Up 5.2 %

The company has a 50 day moving average price of C$0.77 and a two-hundred day moving average price of C$0.72. The company has a debt-to-equity ratio of 96.92, a current ratio of 1.68 and a quick ratio of 8.40. The stock has a market cap of C$380.02 million, a PE ratio of -16.20 and a beta of 1.68.

About Marathon Gold

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.