Montage Gold Corp. (CVE:MAU) Director David Field Sells 93,100 Shares

Montage Gold Corp. (CVE:MAU - Get Free Report) Director David Field sold 93,100 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$3.03, for a total transaction of C$282,093.00.

Montage Gold Price Performance

Shares of MAU stock traded up C$0.10 on Friday, reaching C$3.65. The company had a trading volume of 816,830 shares, compared to its average volume of 300,127. The stock has a market capitalization of C$1.29 billion, a PE ratio of -25.97 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The business's 50-day moving average is C$2.69 and its 200 day moving average is C$2.36. Montage Gold Corp. has a one year low of C$1.19 and a one year high of C$3.71.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAU. Cormark lifted their price objective on Montage Gold from C$3.00 to C$4.50 and gave the company a "buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Stifel Canada raised shares of Montage Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Montage Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Raymond James lifted their price objective on shares of Montage Gold from C$3.50 to C$4.75 in a research note on Friday, April 4th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$4.02.

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.