Montage Gold (CVE:MAU) Hits New 12-Month High at $1.19

Montage Gold Corp. (CVE:MAU)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$1.19 and last traded at C$1.24, with a volume of 90424 shares. The stock had previously closed at C$1.18.

Wall Street Analyst Weigh In

MAU has been the topic of several research reports. Stifel Canada restated a “buy” rating on shares of Montage Gold in a report on Thursday, February 1st. Stifel Nicolaus set a C$1.50 target price on Montage Gold and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Raymond James upped their target price on Montage Gold from C$1.25 to C$1.50 in a report on Wednesday, March 6th.

Montage Gold Price Performance

The business has a 50-day moving average price of C$0.87 and a two-hundred day moving average price of C$0.72. The company has a market capitalization of C$294.13 million, a price-to-earnings ratio of -11.36 and a beta of 1.09.

Insider Activity at Montage Gold

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$0.83, for a total value of C$139,440.00. 49.83% of the stock is currently owned by insiders.

About Montage Gold

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.