Magna Mining (OTCMKTS:MGMNF) Stock Price Down 2.7% – Time to Sell?

Magna Mining Inc. (OTCMKTS:MGMNF)’s share price dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $1.83 and last traded at $1.8310. Approximately 152,918 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 137,308 shares. The stock had previously closed at $1.8810.

Magna Mining Stock Down 2.7%

The firm’s fifty day moving average is $2.31 and its 200 day moving average is $2.08.

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.