Midas Gold Corp (OTCMKTS:MDRPF)’s stock price was up 9.3% on Friday . The company traded as high as $1.18 and last traded at $1.17, approximately 1,493,628 shares were traded during mid-day trading. An increase of 203% from the average daily volume of 493,751 shares. The stock had previously closed at $1.07.
Separately, Alliance Global Partners lowered their price target on shares of Midas Gold from $1.25 to $1.10 and set a “buy” rating for the company in a research note on Tuesday, May 5th.
The business has a 50-day simple moving average of $0.62 and a 200 day simple moving average of $0.46.
Midas Gold Corp. engages in the mineral exploration activities in the United States. It primarily explores for gold, antimony, and silver deposits. The company's principal asset is the Stibnite gold project, which is located in Valley County, Idaho. Gold Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.
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