Montage Gold (CVE:MAU) Sets New 1-Year High at $1.41

Montage Gold Corp. (CVE:MAU) reached a new 52-week high on Thursday . The company traded as high as C$1.41 and last traded at C$1.35, with a volume of 687174 shares changing hands. The stock had previously closed at C$1.25.

Wall Street Analyst Weigh In

MAU has been the topic of a number of recent research reports. Stifel Canada reaffirmed a “buy” rating on shares of Montage Gold in a report on Thursday, February 1st. Raymond James upped their price objective on Montage Gold from C$1.50 to C$1.65 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on Montage Gold from C$1.50 to C$1.75 in a report on Friday, April 19th.

Montage Gold Stock Performance

The stock has a fifty day simple moving average of C$1.20 and a 200-day simple moving average of C$0.87. The stock has a market cap of C$317.66 million, a P/E ratio of -11.36 and a beta of 1.33.

Insider Transactions at Montage Gold

In other news, Senior Officer Kevin John Ross sold 168,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$0.83, for a total transaction of C$139,440.00. Company insiders own 35.63% of the company’s stock.

About Montage Gold

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.