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

Montage Gold Corp. (CVE:MAU) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.19 and last traded at C$1.24, with a volume of 90424 shares changing hands. The stock had previously closed at C$1.18.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAU. Raymond James increased their price objective on shares of Montage Gold from C$1.25 to C$1.50 in a report on Wednesday, March 6th. Stifel Canada restated a “buy” rating on shares of Montage Gold in a research report on Thursday, February 1st. Finally, Stifel Nicolaus set a C$1.50 price target on Montage Gold and gave the stock a “buy” rating in a research report on Friday, February 2nd.

Montage Gold Price Performance

The stock has a market cap of C$294.13 million, a PE ratio of -11.36 and a beta of 1.09. The firm has a 50 day moving average price of C$0.87 and a 200 day moving average price of C$0.72.

Insider Buying and Selling at Montage Gold

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of Montage Gold stock in a transaction dated 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 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.