Short Interest in Magellan Gold Co. (OTCMKTS:MAGE) Declines By 96.4%

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

Magellan Gold Stock Performance

Shares of OTCMKTS MAGE remained flat at $0.22 during trading on Friday. The stock’s 50-day moving average is $0.16 and its 200-day moving average is $0.13. Magellan Gold has a twelve month low of $0.06 and a twelve month high of $0.33.

Magellan Gold Company Profile

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.