Short Interest in Montage Gold Corp. (OTCMKTS:MAUTF) Expands By 218.2%

Montage Gold Corp. (OTCMKTS:MAUTF) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,126,493 shares, a growth of 218.2% from the June 15th total of 1,925,320 shares. Based on an average daily volume of 317,153 shares, the days-to-cover ratio is currently 19.3 days.

Montage Gold Trading Down 4.8%

Shares of MAUTF stock traded down $0.58 during trading hours on Monday, hitting $11.57. 12,465 shares of the company’s stock were exchanged, compared to its average volume of 186,288. Montage Gold has a 12-month low of $2.98 and a 12-month high of $12.99. The business’s 50 day simple moving average is $11.10 and its 200-day simple moving average is $10.35.

Wall Street Analysts Forecast Growth

MAUTF has been the subject of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Montage Gold in a research report on Tuesday, June 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Montage Gold in a research report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Montage Gold has a consensus rating of “Buy”.

About Montage Gold

Montage Gold Inc is a mineral exploration company focused on the acquisition, exploration and development of gold projects in West Africa. Headquartered in Vancouver, British Columbia, the company is building a portfolio of highly prospective assets in one of the world’s most prolific gold regions. Montage Gold conducts systematic field programs to advance its targets toward resource definition and potential development.

The company’s principal assets include the Morila West and Tabango gold projects in southwestern Mali.