Power John C : Magellan Gold Corp increased Its Stake

June 26, 2018 - By simple simple

Magellan Gold Corporation (OTCMKTS:MAGE) Logo

Power John C Reported increased Stake in Magellan Gold Corp

Power John C filed with SEC a SC 13D/A form for Magellan Gold Corp. It can be found at: 000101103418000064. As reported by Power John C , the filler increased its stake in the stock by 19.11 % for 11,012,330 shares. Power John C currently owns 10.87% of the stock. Date of activity: May 31, 2018.

Reasons Why Power John C Holds Magellan Gold Corp

ITEM 4. PURPOSE OF TRANSACTION

The securities of the Company were acquired by Mr. Power for investment. Mr. Power reserves the right to acquire or dispose of additional shares of the Company’s common stock, either in open market purchases or in private transactions.

SEC Form 13D.

The stock decreased 1.61% or $0.0005 during the last trading session, reaching $0.0305. About 38,000 shares traded or 57.05% up from the average. Magellan Gold Corporation (OTCMKTS:MAGE) has 0.00% since June 26, 2017 and is . It has underperformed by 12.57% the S&P500.

Magellan Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in Arizona, California, and Nevada. The company has market cap of $3.22 million. The company's is the Silver District project area that consists of 87 unpatented lode mining claims, 6 patented lode claims, an Arizona State Exploration Permit of 334.85 acres, and 23 unpatented mill site claims covering an area of approximately 2,000 acres located north of Yuma in southwest Arizona. It currently has negative earnings.

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