Montage Gold Corp. (CVE:MAU) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.61 and last traded at C$0.63, with a volume of 5500 shares traded. The stock had previously closed at C$0.62.
Separately, Raymond James set a C$2.00 price objective on shares of Montage Gold and gave the stock a “strong-buy” rating in a report on Thursday, September 9th.
The stock has a market capitalization of C$66.18 million and a price-to-earnings ratio of -2.41. The company has a 50 day moving average of C$0.69 and a 200 day moving average of C$0.78.
Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. The Company's flagship property is the Morondo Gold Project covering an area of 1,143 square kilometers located in the CÃ´te d'Ivoire, West Africa. Montage Gold Corp.
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