Montage Gold (CVE:MAU) Shares Down 6.1% - Here's Why

Montage Gold Corp. (CVE:MAU - Get Free Report)'s stock price dropped 6.1% on Tuesday . The company traded as low as C$2.30 and last traded at C$2.31. Approximately 108,332 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 212,569 shares. The stock had previously closed at C$2.46.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their price objective on shares of Montage Gold from C$4.85 to C$4.60 in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$3.22.

Montage Gold Trading Down 0.8 %

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 has a fifty day simple moving average of C$2.24 and a 200 day simple moving average of C$2.12. The company has a market cap of C$840.13 million, a price-to-earnings ratio of -16.94 and a beta of 1.55.

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.