Marathon Gold (TSE:MOZ) Trading 5.2% Higher

Marathon Gold Co. (TSE:MOZ) shares were up 5.2% during trading on Tuesday . The company traded as high as C$0.81 and last traded at C$0.81. Approximately 974,784 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 737,767 shares. The stock had previously closed at C$0.77.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price objective on Marathon Gold from C$0.75 to C$0.80 in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marathon Gold currently has an average rating of “Moderate Buy” and an average target price of C$0.99.

Marathon Gold Trading Up 5.2 %

The company has a market cap of C$380.02 million, a P/E ratio of -16.20 and a beta of 1.68. The business has a fifty day simple moving average of C$0.77 and a 200 day simple moving average of C$0.72. The company has a debt-to-equity ratio of 96.92, a quick ratio of 8.40 and a current ratio of 1.68.

About Marathon Gold

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.