Marathon Gold Corp (TSE:MOZ) Director Phillip Charles Walford Sells 200,000 Shares

Marathon Gold Corp (TSE:MOZ) Director Phillip Charles Walford sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of C$2.45, for a total transaction of C$490,000.00. Following the completion of the sale, the director now owns 4,451,612 shares of the company’s stock, valued at approximately C$10,906,449.40.

Phillip Charles Walford also recently made the following trade(s):

  • On Wednesday, July 8th, Phillip Charles Walford sold 200,000 shares of Marathon Gold stock. The shares were sold at an average price of C$1.97, for a total transaction of C$394,000.00.
  • On Thursday, June 18th, Phillip Charles Walford sold 800,000 shares of Marathon Gold stock. The shares were sold at an average price of C$1.51, for a total transaction of C$1,208,000.00.
  • On Wednesday, June 10th, Phillip Charles Walford sold 500,000 shares of Marathon Gold stock. The shares were sold at an average price of C$1.60, for a total transaction of C$800,000.00.

Marathon Gold stock traded down C$0.06 during trading hours on Wednesday, hitting C$2.29. The company had a trading volume of 250,803 shares, compared to its average volume of 539,601. The firm has a market capitalization of $483.77 million and a P/E ratio of -90.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.39 and a quick ratio of 8.27. The firm’s fifty day moving average is C$1.88 and its 200-day moving average is C$1.55. Marathon Gold Corp has a fifty-two week low of C$0.71 and a fifty-two week high of C$2.55.

Several equities research analysts recently commented on the stock. National Bank Financial set a C$2.50 price target on shares of Marathon Gold and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Raymond James set a C$2.30 price target on shares of Marathon Gold and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Beacon Securities reiterated a “buy” rating on shares of Marathon Gold in a research note on Tuesday, April 14th. TD Securities reiterated a “speculative buy” rating and issued a C$2.75 price objective on shares of Marathon Gold in a research note on Thursday, July 9th. Finally, Canaccord Genuity upped their price objective on shares of Marathon Gold from C$2.50 to C$3.00 in a research note on Friday, April 24th.

About Marathon Gold

Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada and the United States. The company explores for gold and base metal deposits. Its principal property is the Valentine Lake gold property with 14 contiguous mineral licenses covering an area of 240 km2 located in Newfoundland.

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Insider Buying and Selling by Quarter for Marathon Gold (TSE:MOZ)

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