Magellan Gold (OTCMKTS:MAGE) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Magellan Gold Co. (OTCMKTS:MAGEGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.13 and traded as low as $0.13. Magellan Gold shares last traded at $0.13, with a volume of 250 shares traded.

Magellan Gold Trading Down 18.8 %

The stock has a fifty day moving average price of $0.13 and a two-hundred day moving average price of $0.14.

About Magellan Gold

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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.

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