Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report) dropped 5.6% during trading on Friday . The stock traded as low as $2.51 and last traded at $2.56. Approximately 250,218 shares changed hands during mid-day trading, an increase of 80% from the average daily volume of 139,101 shares. The stock had previously closed at $2.7120.
Magna Mining Stock Performance
The business’s 50 day simple moving average is $2.23 and its 200 day simple moving average is $1.89.
Magna Mining Company Profile
Magna Mining Inc is a Canada-based mineral exploration and development company focused on advancing base metal projects in Mexico. The company’s flagship asset is the Cordero silver-lead-zinc deposit, located in the state of Chihuahua. Through systematic exploration, resource definition drilling and metallurgical testing, Magna Mining aims to delineate and expand mineral resources in order to progress Cordero toward preliminary economic assessment and prefeasibility stages.
The Cordero project benefits from existing infrastructure, including paved highways and nearby power transmission, which supports ongoing drill programs and potential future development.
See Also
- Five stocks we like better than Magna Mining
- Stock market legend warns: “An Ominous Day Is Coming for the Markets…”
- Another reason you need to own gold… [running out]
- Trump’s Final Shocking Act Begins February 24
- NEW: Gold makes history
- Become a 2x better options trader (in 2 days)
Receive News & Ratings for Magna Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna Mining and related companies with MarketBeat.com's FREE daily email newsletter.
