Marathon Gold Corp (MOZ) Earns Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Marathon Gold Corp (TSE:MOZ) in a report issued on Tuesday. They currently have a C$1.70 target price on the stock.

Marathon Gold Corp (TSE:MOZ) opened at 1.05 on Tuesday. The firm’s market capitalization is $147.82 million. Marathon Gold Corp has a 52-week low of $0.43 and a 52-week high of $1.36. The company’s 50-day moving average price is $1.06 and its 200 day moving average price is $1.08.

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In related news, Director Phillip Charles Walford acquired 100,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average price of C$1.18 per share, with a total value of C$118,000.00. Also, Director George D. Faught acquired 50,000 shares of the stock in a transaction dated Wednesday, October 4th. The shares were bought at an average cost of C$1.05 per share, for a total transaction of C$52,500.00. In the last three months, insiders have bought 259,000 shares of company stock worth $282,940.

About Marathon Gold Corp

Marathon Gold Corp (Marathon) is a Canada-based company engaged in the acquisition, exploration and development of natural resource properties located in North America. The Company’s projects include Valentine gold Camp, Baie Verte gold property, The Bonanza Mine and The Gold Reef property. The Valentine Gold Camp is in west central Newfoundland and includes over four zones with existing mineral resources, the Leprechaun, Marathon, Sprite and Victory Deposits.

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