Magellan Gold Co. (OTCMKTS:MAGE) Short Interest Update

Magellan Gold Co. (OTCMKTS:MAGE) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 200 shares, a decline of 50.0% from the December 15th total of 400 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS MAGE opened at $0.37 on Friday. Magellan Gold has a 52 week low of $0.37 and a 52 week high of $1.40. The firm’s fifty day moving average is $0.56 and its 200 day moving average is $0.85.

About Magellan Gold

Magellan Gold Corp. is focused on the exploration and development of metals in North America. The firm’s flagship project is The Center Star Gold Mine located in the Elk City mining district, Idaho. It is additionally working to build a collection of operating gold mines in the Western United States.

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