Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report) shares fell 4.1% during mid-day trading on Thursday . The company traded as low as $1.5710 and last traded at $1.6010. Approximately 70,624 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 140,596 shares. The stock had previously closed at $1.67.
Magna Mining Price Performance
The firm’s 50-day moving average is $1.60 and its 200-day moving average is $1.89.
About Magna Mining
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.
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