Magellan Gold Co. (OTCMKTS:MAGE) crossed below its 50-day moving average on Tuesday, with the stock trading as low as $0.0975 and last changing hands at $0.0975 on volume of 5,000 shares. The 50-day moving average is cited as $0.12 in one place and $0.11 as a simple average, while the 200-day simple moving average is $0.13. The company is an early-stage mineral exploration firm focused on precious-metals properties, mainly gold, and trades over the counter.
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Original headline: Magellan Gold ( OTCMKTS : MAGE ) Stock Breaks Below 50 Day Moving Average – Should You Sell ?
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