Metals & mining

Montage Gold (MAU)

C$17.03 −1.8% on the day·+153.4% in a year·close Oct 13, 2026

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold44 / 100

Hold: 44 is between your Sell line (40) and Buy line (60). Trend (+9% vs 200-day) scores 70 and lifts it; Plays in (32%) scores 32 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weight	MAU	Points	Weight	Adds
Plays in	32%	32	40	12.8
Off the high	−19% from its 1-year high	35	30	10.5
Trend	+9% vs 200-day	70	30	21.0

Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for MAU

Factor	MAU	Points	What it is
Plays in	32%	32	The share of the plays you count that hold it now.
Analysts' upside	+34% · 8 analysts	78	How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating	1.5 · buy	75	The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E	loss	0	Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E	8.5×	90	Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG	–	–	P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales	–	–	Market value over the last 12 months' revenue. Lower ranks higher.
Price to book	11.4×	15	Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield	none	0	Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth	–	–	Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher.
Revenue growth	–	–	Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher.
Profit margin	0%	17	Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity	−18%	9	Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity	1.78×	10	Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high	−19% from its 1-year high	35	How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend	+9% vs 200-day	70	How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum	+153%	97	The price change over the last 12 months. Higher ranks higher.
Low crash exposure	9/10 · very high	10	The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on MAU

32 of the 100 plays hold MAU right now.
The trend-following and breakout plays mostly say out.
It closed 9% above its 200-day average and 19% below its 52-week high.
Crash exposure reads very high: it moves about 2.3× its index and fell about 1.8× as far as its index in past crashes.
Analysts' average 12-month target is C$22.90, 34% above the close (8 analysts).

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in32 / 100Every play Be The Puck tests, in 7 families.

Crash exposureVery high9 of 10 on the storm test Mayer Multiple1.09×Price ÷ its 200-day average (+9%). Higher than on 38% of days since 2021. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about MAU now.

Trend followingHoly GrailOUT42% of 12,813 calls rightOn MAU: right 9 of 18 · Out since Dec 17, 2025 Breakouts & channelsP&F Double TopOUT37% of 36,314 calls rightOn MAU: right 27 of 76 · Out since Oct 2, 2026 Momentum12-1 MomentumIN44% of 8,156 calls rightOn MAU: right 6 of 11 · In since Feb 29, 2024 Mean reversionBollinger ReversionOUT64% of 53,095 calls rightOn MAU: right 27 of 40 · Out since May 11, 2026 Volume & money flowMoney Flow IndexOUT59% of 13,925 calls rightOn MAU: right 13 of 20 · Out since Aug 27, 2026 Candles & chart patternsEngulfing SwitchOUT50% of 38,976 calls rightOn MAU: right 8 of 20 · Out since Sep 11, 2026 CalendarHalloween IndicatorOUT54% of 12,345 calls rightOn MAU: right 9 of 12 · Out since Apr 30, 2026

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

MAU, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved MAU lately

Its 2 biggest moves against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Mon Sep 21−7.2% against the S&P/TSX2.0× a normal day

MAU −6.6%, the S&P/TSX +0.6% that session; −5.8% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on MAU was found for this session. Be The Puck's headline archive for MAU starts Oct 1, so news stories from that day aren't in it. The S&P/TSX moved +0.6%. The 50 other Metals & mining stocks Be The Puck covers moved −0.3% on average, so most of the move was its own.

Thu Sep 17+7.5% against the S&P/TSX2.1× a normal day

MAU +8.6%, the S&P/TSX +1.1% that session; +8.0% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on MAU was found for this session. Be The Puck's headline archive for MAU starts Oct 1, so news stories from that day aren't in it. The S&P/TSX moved +1.1%. The 50 other Metals & mining stocks Be The Puck covers moved +4.5% on average: much of the move was shared with its group.

Next earnings report

Thu Nov 12, 2026 before the open

From Yahoo Finance's calendar; dates can move. Analysts expect earnings per share of -0.13.

Over its last 12 reports, MAU's typical move against the S&P/TSX at the first close after the report was ±1.4% (median size, either way); it finished ahead of the index 8 times.
MAU after beats of 5% or more: ahead of its index at the first close after the report 2 of 4 times (median −0.8%).
MAU after misses of any size: behind its index at the first close after the report 7 of 17 times (median +0.3%).
Across all covered stocks, beats of 5% or more were followed by a gain against the index 64% of the time and misses by a drop 62% of the time.

Whether a report beats is only known once it is out, so these say how the stock has reacted, not which way it will go.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on MAU

All 100 plays, by family.

Trend following7 of 30 in Breakouts & channels1 of 15 in Momentum8 of 17 in Mean reversion8 of 15 in Volume & money flow3 of 9 in Candles & chart patterns1 of 3 in Calendar4 of 11 in

Calls right: how often the play's calls on MAU went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2020. Click a column to sort.Sort with the menu above the list.

Play	Call	Since	Next move	Calls right	Annual return	Worst drawdown
Trend following
PB EMABitcoin Playboy · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$18.39 (+8.0%)	18% 30/165	+25.8% / +66.5%	−48.9% / −52.5%
Bull Market Support BandBenjamin Cowen · weekly	OUT	Oct 9, 2026 −1.8%	Enter above C$17.74 (+4.1%)	50% 6/12	+88.6% / +87.2%	−26.3% / −48.9%
Ripster EMA CloudRipster · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$18.54 (+8.9%)	18% 16/90	+41.7% / +74.9%	−45.0% / −51.5%
Trend TemplateMark Minervini · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$19.04 (+11.8%)	21% 8/38	+47.0% / +95.3%	−47.5% / −48.9%
Stage AnalysisStan Weinstein · weekly	IN	Dec 15, 2023 +2,404.4%	Exit below C$16.88 (−0.9%)	12% 1/8	+71.6% / +74.4%	−41.8% / −48.9%
Stage 2 + Mansfield RSStan Weinstein · weekly	IN	Mar 1, 2024 +1,813.5%	Exit below C$16.88 (−0.9%)	18% 2/11	+72.4% / +90.8%	−36.2% / −48.9%
10-Month SMAMeb Faber · month-end	IN	Nov 30, 2023 +2,201.4%	Exit below C$16.19 (−5.0%)	20% 1/5	+73.0% / +83.9%	−36.2% / −48.9%
200-Day RulePaul Tudor Jones · daily	IN	Nov 14, 2023 +2,560.9%	Exit below C$15.67 (−8.0%)	3% 1/29	+67.1% / +83.0%	−59.5% / −48.9%
Golden CrossMarket tradition · daily	IN	Dec 13, 2023 +2,368.1%	Not on one close	0% 0/5	+68.2% / +83.0%	−51.5% / −48.9%
Granville 200-DayJoseph E. Granville · daily	IN	Dec 8, 2023 +2,201.4%	Exit below C$15.67 (−8.0%)	0% 0/9	+73.9% / +89.4%	−37.9% / −48.9%
Hull Moving AverageAlan Hull · weekly	OUT	Oct 2, 2026 −5.0%	Enter above C$22.94 (+34.7%)	36% 13/36	+42.0% / +79.1%	−48.3% / −51.5%
Kaufman Adaptive MAPerry J. Kaufman · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$17.91 (+5.2%)	21% 44/213	+14.0% / +66.3%	−50.4% / −52.5%
TEMA CrossoverPatrick G. Mulloy · daily	OUT	Sep 2, 2026 −10.1%	Enter above C$27.10 (+59.2%)	35% 22/63	+34.3% / +70.7%	−41.7% / −50.5%
Seykota 15/150Ed Seykota · daily	IN	Nov 23, 2023 +2,404.4%	Not on one close	0% 0/7	+73.8% / +100.3%	−53.1% / −48.9%
Guppy Multiple MAsDaryl Guppy · daily	OUT	Oct 5, 2026 −3.6%	Enter above C$24.20 (+42.1%)	34% 11/32	+48.1% / +78.5%	−59.5% / −51.5%
Ichimoku CloudGoichi Hosoda · daily	OUT	Oct 7, 2026 −1.6%	Not on one close	28% 10/36	+39.1% / +68.6%	−53.0% / −51.5%
SupertrendOlivier Seban · daily	OUT	Oct 7, 2026 −1.6%	Enter above C$19.55 (+14.8%)	37% 15/41	+39.1% / +68.9%	−47.4% / −52.5%
Williams AlligatorBill Williams · daily	OUT	Oct 5, 2026 −3.6%	Not on one close	42% 35/84	+44.0% / +68.9%	−49.2% / −52.5%
Vortex IndicatorEtienne Botes & Douglas Siepman · daily	OUT	Sep 29, 2026 −12.9%	Enter above C$23.17 (+36.1%)	35% 58/168	+51.0% / +64.3%	−41.3% / −52.5%
AroonTushar S. Chande · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$21.13 (+24.1%)	43% 23/54	+46.9% / +67.1%	−52.0% / −52.5%
Parabolic SARJ. Welles Wilder Jr. · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$19.04 (+11.8%)	34% 44/128	+28.8% / +64.6%	−43.4% / −52.5%
ADX TrendJ. Welles Wilder Jr. · daily	OUT	Sep 16, 2026 −7.1%	Enter above C$22.20 (+30.4%)	36% 15/42	+26.6% / +65.0%	−31.3% / −52.5%
MACD Zero LineGerald Appel · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$24.23 (+42.3%)	29% 13/45	+39.5% / +65.3%	−61.2% / −52.5%
Zweig 4% ModelMartin Zweig · weekly	OUT	Sep 25, 2026 −14.4%	Enter above C$18.04 (+6.0%)	36% 31/86	+42.2% / +68.9%	−38.2% / −52.5%
MAMA/FAMA CrossJohn F. Ehlers · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$64.17 (+276.8%)	33% 20/61	+42.4% / +65.3%	−48.0% / −52.5%
Schaff Trend CycleDoug Schaff · daily	OUT	Oct 1, 2026 −6.6%	Not on one close	33% 16/48	+31.5% / +70.7%	−42.8% / −50.5%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$23.38 (+37.3%)	26% 12/46	+40.7% / +74.9%	−60.4% / −51.5%
DP Trend ModelCarl Swenlin & Erin Swenlin · daily	OUT	Oct 13, 2026 0.0%	Enter above C$19.30 (+13.3%)	35% 7/20	+64.4% / +74.9%	−44.5% / −51.5%
Elder Triple ScreenAlexander Elder · daily	OUT	Jul 13, 2026 +10.4%	Not on one close	37% 19/52	+11.3% / +78.8%	−36.3% / −48.9%
Holy GrailLinda Bradford Raschke & Larry Connors · daily	OUT	Dec 17, 2025 +83.3%	Not on one close	50% 9/18	+7.1% / +65.3%	−12.8% / −52.5%
Breakouts & channels
Four-Week RuleRichard Donchian · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$21.13 (+24.1%)	38% 10/26	+45.5% / +68.9%	−57.6% / −52.5%
Turtle System 1Richard Dennis & William Eckhardt · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$21.13 (+24.1%)	29% 10/34	+36.8% / +67.2%	−46.0% / −52.5%
Turtle System 2Richard Dennis & William Eckhardt · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$21.13 (+24.1%)	30% 6/20	+46.0% / +67.2%	−41.7% / −52.5%
Clenow TrendAndreas F. Clenow · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$21.12 (+24.0%)	25% 7/28	+36.4% / +74.9%	−51.5% / −51.5%
Darvas BoxNicolas Darvas · daily	OUT	Oct 5, 2026 −3.6%	Not on one close	28% 11/40	+10.7% / +68.9%	−45.2% / −52.5%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · daily	OUT	Sep 1, 2026 −4.4%	Enter above C$21.01 (+23.4%)	30% 14/46	+25.5% / +66.3%	−37.9% / −52.5%
Bollinger BreakoutJohn Bollinger · daily	OUT	Sep 1, 2026 −4.4%	Enter above C$21.70 (+27.4%)	32% 19/60	+38.8% / +66.8%	−36.0% / −52.5%
Chandelier ExitChuck LeBeau · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$21.12 (+24.0%)	31% 17/54	+28.9% / +68.7%	−57.7% / −52.5%
Wilder Volatility SystemJ. Welles Wilder Jr. · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$19.57 (+14.9%)	30% 15/50	+33.9% / +68.9%	−45.5% / −52.5%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$21.53 (+26.4%)	36% 27/76	+34.3% / +66.0%	−42.6% / −52.5%
Chande Kroll StopTushar S. Chande & Stanley Kroll · daily	OUT	Oct 1, 2026 −6.6%	Enter above C$18.96 (+11.3%)	30% 25/82	+41.8% / +68.3%	−42.6% / −52.5%
Acceleration BandsPrice Headley · daily	OUT	Aug 26, 2026 −14.8%	Not on one close	27% 17/64	+3.6% / +68.9%	−31.4% / −52.5%
TTM SqueezeJohn F. Carter · daily	OUT	Aug 27, 2026 −14.5%	Not on one close	41% 16/39	+25.4% / +66.3%	−15.5% / −52.5%
NR7 BreakoutToby Crabel · daily	IN	Oct 9, 2026 −1.8%	Exit below C$16.83 (−1.2%)	26% 44/171	+14.7% / +61.6%	−53.0% / −52.5%
Bollinger SqueezeJohn Bollinger · daily	OUT	Sep 1, 2026 −4.4%	Not on one close	42% 5/12	+5.4% / +72.6%	−14.6% / −51.5%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-end	IN	Feb 29, 2024 +2,028.8%	Exit below C$7.22 (−57.6%)	33% 3/9	+83.9% / +95.3%	−27.6% / −48.9%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-end	IN	Feb 29, 2024 +2,028.8%	Not on one close	55% 6/11	+86.6% / +95.3%	−36.2% / −48.9%
Dual MomentumGary Antonacci · month-end	IN	Mar 28, 2024 +1,262.4%	Exit below C$8.02 (−52.9%)	43% 3/7	+74.5% / +95.3%	−25.8% / −48.9%
Stocks on the MoveAndreas F. Clenow · daily	OUT	Oct 7, 2026 −1.6%	Buy C$17.46–C$19.58 (+2.5%)	28% 9/32	+55.2% / +75.6%	−42.9% / −51.5%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-end	IN	May 29, 2026 +1.7%	Exit below C$17.95 (+5.4%)	40% 2/5	+64.0% / +93.3%	−36.3% / −48.9%
Levy Relative StrengthRobert A. Levy · weekly	OUT	Oct 9, 2026 −1.8%	Enter above C$17.70 (+3.9%)	32% 7/22	+70.1% / +74.3%	−36.2% / −51.5%
MACD Signal CrossGerald Appel · daily	OUT	Sep 25, 2026 −14.4%	Enter above C$20.87 (+22.6%)	31% 35/113	+25.0% / +65.3%	−44.3% / −52.5%
Elder ImpulseAlexander Elder · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$18.02 (+5.8%)	21% 45/213	+9.9% / +65.3%	−62.1% / −52.5%
Know Sure ThingMartin J. Pring · daily	OUT	Sep 1, 2026 −4.4%	Enter above C$31.38 (+84.3%)	33% 27/81	+30.6% / +66.4%	−46.2% / −52.5%
Coppock CurveEdwin S. C. Coppock · month-end	IN	Nov 30, 2023 +2,201.4%	Not on one close	29% 2/7	+114.6% / +144.3%	−35.3% / −34.2%
CCI +100Donald R. Lambert · daily	OUT	Sep 23, 2026 −14.6%	Enter above C$22.34 (+31.2%)	28% 45/158	+18.6% / +68.9%	−42.3% / −52.5%
TRIX Signal CrossJack K. Hutson · daily	OUT	Sep 2, 2026 −10.1%	Enter above C$40.22 (+136.2%)	39% 26/66	+40.0% / +74.9%	−36.1% / −51.5%
TSI Zero LineWilliam Blau · daily	OUT	Oct 2, 2026 −5.0%	Enter above C$24.42 (+43.4%)	27% 12/44	+42.5% / +74.9%	−62.0% / −51.5%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-end	IN	Oct 31, 2023 +2,836.2%	Exit below C$16.15 (−5.2%)	43% 3/7	+102.1% / +95.3%	−25.8% / −48.9%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-end	IN	Feb 29, 2024 +2,028.8%	Not on one close	75% 3/4	+206.9% / +213.0%	−25.8% / −25.8%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · daily	IN	Apr 30, 2024 +1,240.9%	Not on one close	57% 4/7	+78.3% / +95.3%	−25.8% / −48.9%
PMO Signal CrossCarl Swenlin · daily	OUT	Sep 1, 2026 −4.4%	Enter above C$23.47 (+37.8%)	28% 23/83	+35.7% / +70.7%	−44.2% / −50.5%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · daily	OUT	Aug 10, 2022 +2,738.3%	Not on one close	40% 2/5	+0.0% / +64.9%	−40.5% / −52.5%
RSI(2) PullbackLarry Connors & Cesar Alvarez · daily	IN	Sep 28, 2026 −9.9%	Sell above C$17.17 (+0.8%)	53% 30/57	+11.6% / +83.0%	−20.6% / −48.9%
Double 7sLarry Connors & Cesar Alvarez · daily	IN	Sep 28, 2026 −9.9%	Sell above C$17.68 (+3.8%)	70% 73/105	+46.9% / +83.0%	−34.8% / −48.9%
Bollinger ReversionJohn Bollinger · daily	OUT	May 11, 2026 +13.2%	Buy below C$15.90 (−6.6%)	68% 27/40	+13.8% / +66.8%	−36.1% / −52.5%
Stochastic 20/80George C. Lane · daily	IN	Oct 6, 2026 −3.7%	Not on one close	60% 21/35	+28.5% / +67.0%	−44.0% / −52.5%
Williams %RLarry Williams · daily	OUT	Sep 21, 2026 −13.6%	Enter above C$17.25 (+1.3%)	45% 30/66	+3.8% / +64.3%	−63.5% / −52.5%
DeMark 9-CountTom DeMark · daily	IN	Oct 8, 2026 +0.2%	Not on one close	73% 8/11	+16.4% / +62.6%	−48.9% / −52.5%
Mayer MultipleTrace Mayer · daily	IN	Aug 10, 2021 +2,332.9%	Sell above C$37.88 (+122.5%)	–	+83.0% / +83.0%	−48.9% / −48.9%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · daily	OUT	Sep 2, 2026 −10.1%	Buy below C$5.92 (−65.2%)	75% 6/8	+7.9% / +70.7%	−2.8% / −50.5%
Laguerre RSIJohn F. Ehlers · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$18.02 (+5.8%)	41% 32/78	+32.0% / +66.3%	−27.7% / −52.5%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · daily	IN	Sep 29, 2026 −12.9%	Not on one close	54% 61/113	+17.6% / +66.3%	−57.7% / −52.5%
IBS ReversionAlexander S. Pagonidis · daily	OUT	Oct 2, 2026 −5.0%	Buy below C$17.03 (0.0%)	55% 320/582	+60.4% / +59.4%	−32.0% / −54.3%
Connors %bLarry Connors & Cesar Alvarez · daily	IN	Oct 5, 2026 −3.6%	Sell above C$20.41 (+19.8%)	53% 9/17	+8.4% / +83.0%	−41.5% / −48.9%
Fisher TransformJohn F. Ehlers · daily	OUT	Sep 24, 2026 −14.6%	Enter above C$16.95 (−0.5%)	34% 97/289	+22.7% / +65.3%	−60.5% / −52.5%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-end	IN	Sep 30, 2026 −10.3%	Sell above C$19.37 (+13.8%)	60% 18/30	+9.1% / +65.9%	−52.1% / −52.5%
Volume & money flow
On-Balance VolumeJoseph E. Granville · daily	OUT	Oct 5, 2026 −3.6%	Not on one close	24% 37/152	+27.7% / +66.8%	−56.1% / −52.5%
Chaikin Money FlowMarc Chaikin · daily	IN	May 29, 2026 +1.7%	Not on one close	33% 17/51	+25.2% / +68.9%	−49.3% / −52.5%
Money Flow IndexGene Quong & Avrum Soudack · daily	OUT	Aug 27, 2026 −14.5%	Enter above C$16.87 (−0.9%)	65% 13/20	+20.9% / +64.9%	−42.3% / −52.5%
Negative Volume IndexNorman Fosback & Paul Dysart · daily	OUT	Sep 11, 2026 −11.1%	Not on one close	29% 12/41	+68.7% / +95.3%	−43.0% / −48.9%
Force IndexAlexander Elder · daily	OUT	Oct 7, 2026 −1.6%	Enter above C$17.29 (+1.5%)	21% 34/164	+12.3% / +65.9%	−64.8% / −52.5%
Buff AveragesBuff Dormeier · daily	OUT	Sep 28, 2026 −9.9%	Enter above C$27.00 (+58.6%)	34% 33/98	+46.0% / +66.8%	−45.3% / −52.5%
Chaikin OscillatorMarc Chaikin · daily	IN	Sep 17, 2026 −14.5%	Not on one close	29% 33/115	−2.2% / +68.9%	−64.6% / −52.5%
Volume Flow IndicatorMarkos Katsanos · daily	IN	Dec 4, 2023 +2,170.7%	Not on one close	29% 2/7	+92.1% / +95.7%	−36.2% / −48.9%
Klinger OscillatorStephen J. Klinger · daily	OUT	Sep 24, 2026 −14.6%	Not on one close	32% 58/182	+28.3% / +80.1%	−53.0% / −51.5%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · daily	OUT	Sep 11, 2026 −11.1%	Enter above C$17.30 (+1.6%)	40% 8/20	+25.6% / +62.9%	−39.1% / −52.5%
HikkakeDaniel L. Chesler · daily	IN	May 6, 2026 +21.9%	Exit below C$16.83 (−1.2%)	31% 4/13	+6.8% / +62.8%	−26.9% / −52.5%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · daily	OUT	Nov 5, 2025 +152.3%	Not on one close	50% 5/10	+4.0% / +69.7%	−8.4% / −52.5%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 30, 2026 +26.9%	Buys Oct 30	75% 9/12	+49.2% / +59.4%	−35.6% / −54.3%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 20, 2026 +5.3%	Enter above C$18.82 (+10.5%)	73% 8/11	+56.0% / +65.3%	−35.6% / −52.5%
Seasonal TimingSy Harding · daily	OUT	Apr 21, 2026 +15.4%	Window opens Oct 16	73% 8/11	+58.3% / +65.3%	−35.6% / −52.5%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · daily	OUT	Jan 5, 2026 +75.4%	Buys Dec 23	50% 6/12	+4.5% / +59.4%	−8.5% / −54.3%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · daily	OUT	Oct 5, 2026 −3.6%	Buys Oct 29	44% 64/144	+10.3% / +59.4%	−26.2% / −54.3%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · daily	IN	Sep 30, 2026 −10.3%	Sells Jun 30	67% 2/3	+3.4% / +59.4%	−22.8% / −54.3%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · daily	OUT	Sep 4, 2026 −11.7%	Buys Nov 24	47% 53/112	+8.8% / +59.4%	−10.7% / −54.3%
January BarometerYale Hirsch & Jeffrey Hirsch · month-end	IN	Dec 30, 2022 +2,441.8%	Not on one close	100% 4/4	+80.1% / +66.1%	−34.2% / −52.5%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · daily	IN	Oct 13, 2026 0.0%	Sells Oct 16	44% 273/623	+37.0% / +59.4%	−55.4% / −54.3%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · daily	OUT	Sep 16, 2026 −7.1%	Buys Oct 27	34% 33/96	+2.4% / +59.4%	−18.6% / −54.3%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · daily	IN	Oct 2, 2026 −5.0%	Sells Oct 16	49% 72/147	+35.4% / +59.4%	−30.3% / −54.3%
Benchmark
Buy & HoldJohn C. Bogle · benchmark	IN	Oct 23, 2020	Always in	–	+57.6%	−55.1%

If the market cracks: the storm test

How the storm test works

ExposureVery high9 of 10 points

Market swings2/3
Past crashes2/2
Debt3/3
Run-up2/2

It moves about 2.3× its index.
It fell about 1.8× as far as its index in past crashes.
It carries 6.9× as much debt as equity.
It operating profit doesn't cover its interest.
It is up 739% in two years, a run-up size that crashed about half the time in history.

Past crashes, peak to low

2022 bear market Jan 2022 to Jul 2022 · back to its old high Aug 2022

MAU−25%

TSX−14%

Beta2.26Moves about 2.3× as much as the TSX week to week.
Downside capture−188%In months the TSX fell, this fell -188% as much on average (it often rose anyway).
Two-year change+739%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
From 52-week high−19%
Debt to equity6.93×
Interest cover−2,585.2×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Gold · Montage Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Africa. It explores for gold, nickel, cobalt, copper, lithium, tantalum, niobium, and beryllium deposits. The company's flagship property is the 90% owned Koné Gold project located in the Côte d'Ivoire, West Africa. Montage Gold Corp. was incorporated in 2019 and is headquartered in Vancouver, Canada.

Size and valuation
Market cap	C$6.9B	What the whole company is worth at today's price: share price × shares outstanding.
P/E ratio	n/a	Lost money over the last year, so there is no profit to divide by.
Forward P/E	8.5×	Price against analysts' estimate of next year's profit.
Price to book	11.4×	Price against the company's net assets (its equity) per share.

Profit and growth
Profit margin	0.0%	Spends more than it brings in.
Return on equity	−17.7%	Yearly profit as a share of shareholders' money in the business.
Free cash flow	−$460M	Burning cash: needs savings or new money to keep going.

Balance sheet
Total equity	$117M	What it owns minus what it owes.
Total debt	$809M	Loans and bonds it has to pay back, with interest.
Cash	$159M	Cash and short-term investments on hand.
Debt to equity	6.93×	Above about 1.5× is heavily borrowed; above 3× is fragile in a downturn.
Interest cover	−2,585.2×	Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.

Wall Street
Average analyst target	C$22.90	34% above the close, from 8 analysts (range C$20.00 to C$26.00).
Consensus rating	Strong buy	Analysts' average recommendation. Ratings lean positive: sell ratings are rare.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

Reports for Be The Puck Members.

MAU: the briefWhat the plays, the levels and the business say, in plain English. Rebuilt nightly.Members Metals & mining: what the plays sayEvery covered name in the sector, side by side.Members Debt decides who survives a crashThe storm test on every covered stock.Members Is this a bubble?The gauges in October 2026, and what history says about timing.Members

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