Montage Gold Corp. ( (TSE:MAU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Montage Gold Corp.’s stock has been rated as a Strong Buy by analysts, despite the company reporting a larger quarterly GAAP net loss of C$14.35 million compared to last year’s C$11.22 million. The positive outlook is likely due to strategic enhancements to the Koné Project, which have kept investor confidence high. Analysts have set a consensus price target of C$6.94.
More about Montage Gold Corp.
YTD Price Performance: 188.64%
Average Trading Volume: 563,437
Technical Sentiment Signal: Buy
Current Market Cap: C$2.38B
For further insights into MAU stock on TipRanks’ Stock Analysis page.
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