Magna Mining Inc. (OTCMKTS:MGMNF) Sees Large Growth in Short Interest

Magna Mining Inc. (OTCMKTS:MGMNF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 204,700 shares, a growth of 23.2% from the August 31st total of 166,200 shares. Based on an average trading volume of 109,200 shares, the short-interest ratio is presently 1.9 days.

Magna Mining Stock Down 4.6 %

MGMNF stock traded down $0.04 during mid-day trading on Monday, reaching $0.91. 16,377 shares of the stock traded hands, compared to its average volume of 39,047. The business has a 50-day moving average of $0.63 and a two-hundred day moving average of $0.57. Magna Mining has a 52 week low of $0.28 and a 52 week high of $1.00.

About Magna Mining

Magna Mining Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, and platinum group metal deposits. Its flagship property is 100% owned the Shakespeare Mine consisting of 29 patented claims, 3 leased claims, and 787 mining claims covering an area of 18074.94 hectares located in Sudbury, Canada.