Magna Mining Inc. (OTCMKTS:MGMNF) Short Interest Down 18.0% in December

Magna Mining Inc. (OTCMKTS:MGMNF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 171,000 shares, a decline of 18.0% from the November 30th total of 208,600 shares. Based on an average daily volume of 108,300 shares, the short-interest ratio is presently 1.6 days.

Magna Mining Trading Down 4.0 %

MGMNF stock traded down $0.04 during midday trading on Friday, reaching $0.96. 36,395 shares of the company’s stock traded hands, compared to its average volume of 40,685. Magna Mining has a fifty-two week low of $0.28 and a fifty-two week high of $1.21. The business has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $0.76.

Magna Mining Company Profile

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.