Magellan Gold Co. (OTCMKTS:MAGE) Sees Large Drop in Short Interest

Magellan Gold Co. (OTCMKTS:MAGE) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 96.4% from the February 28th total of 2,800 shares. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is presently 0.0 days.

Magellan Gold Price Performance

OTCMKTS MAGE remained flat at $0.22 during trading on Thursday. Magellan Gold has a 12 month low of $0.06 and a 12 month high of $0.33. The firm has a fifty day simple moving average of $0.15 and a 200 day simple moving average of $0.13.

About Magellan Gold

Magellan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral resources in Idaho and California. The company primarily explores for gold deposits. Its principal projects include the Center Star Mine located in located southeast of Grangeville, Idaho; and the Kris Project located in northwest of Reno, Nevada in Plumas County, California.