Marathon Gold (TSE:MOZ) Stock Price Crosses Below Fifty Day Moving Average of $0.77

Marathon Gold Co. (TSE:MOZ) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.77 and traded as low as C$0.77. Marathon Gold shares last traded at C$0.81, with a volume of 974,784 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James raised their price objective on Marathon Gold from C$0.75 to C$0.80 in a research note on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$0.99.

Marathon Gold Price Performance

The stock’s 50-day moving average is C$0.77 and its 200-day moving average is C$0.72. The stock has a market cap of C$380.02 million, a P/E ratio of -16.20 and a beta of 1.68. The company has a current ratio of 1.68, a quick ratio of 8.40 and a debt-to-equity ratio of 96.92.

Marathon Gold Company Profile

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.