Marathon Gold (TSE:MOZ) Stock Passes Below Two Hundred Day Moving Average of $0.99

Marathon Gold Co. (TSE:MOZ – Get Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.99 and traded as low as C$0.88. Marathon Gold shares last traded at C$0.90, with a volume of 610,392 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. CIBC cut their price target on shares of Marathon Gold from C$1.75 to C$1.65 and set a “neutral” rating on the stock in a research note on Monday, December 12th. Scotiabank lowered their price objective on shares of Marathon Gold from C$1.75 to C$1.50 in a research report on Thursday, December 8th. Royal Bank of Canada lowered their price objective on shares of Marathon Gold from C$2.25 to C$1.50 and set an “outperform” rating on the stock in a research report on Monday, December 12th. Canaccord Genuity Group lowered their price objective on shares of Marathon Gold from C$3.50 to C$2.75 in a research report on Monday, December 12th. Finally, National Bankshares lowered their price objective on shares of Marathon Gold from C$1.50 to C$1.35 and set an “outperform” rating on the stock in a research report on Tuesday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$1.77.

Marathon Gold Trading Down 1.1 %

The firm has a market cap of C$356.21 million, a PE ratio of -30.00 and a beta of 1.46. The company’s fifty day moving average price is C$0.98 and its two-hundred day moving average price is C$0.99. The company has a quick ratio of 8.40, a current ratio of 8.69 and a debt-to-equity ratio of 0.42.

Marathon Gold Company Profile

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Marathon Gold Corporation engages in the acquisition, exploration, and development of 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 four mineralized deposits located in Newfoundland and Labrador, Canada.