Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report) shares dropped 0.8% during trading on Monday . The stock traded as low as $2.1080 and last traded at $2.1558. Approximately 100,673 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 139,756 shares. The stock had previously closed at $2.1735.
Magna Mining Trading Down 0.8%
The stock’s fifty day simple moving average is $2.33 and its 200 day simple moving average is $2.01.
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.
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