Montage Gold (CVE:MAU) Reaches New 12-Month High at $1.58

Montage Gold Corp. (CVE:MAU) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$1.58 and last traded at C$1.55, with a volume of 178284 shares. The stock had previously closed at C$1.51.

Analyst Upgrades and Downgrades

MAU has been the subject of several research reports. Raymond James boosted their target price on Montage Gold from C$1.50 to C$1.65 in a report on Tuesday, April 23rd. Stifel Nicolaus raised their target price on shares of Montage Gold from C$1.50 to C$1.75 in a research report on Friday, April 19th. Finally, Stifel Canada reiterated a “buy” rating on shares of Montage Gold in a research report on Thursday, February 1st.

Montage Gold Stock Performance

The company has a quick ratio of 0.36, a current ratio of 5.77 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of C$1.28 and a 200-day moving average price of C$0.93. The firm has a market cap of C$329.42 million, a price-to-earnings ratio of -10.00 and a beta of 1.31.

Insiders Place Their Bets

In related news, Senior Officer Kevin John Ross sold 168,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 35.63% of the stock is owned by insiders.

Montage Gold Company Profile

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.