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

Magna Mining Inc. (OTCMKTS:MGMNF) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 108,500 shares, an increase of 28.3% from the January 31st total of 84,600 shares. Based on an average daily volume of 183,800 shares, the days-to-cover ratio is presently 0.6 days.

Magna Mining Stock Up 3.7 %

Shares of MGMNF traded up $0.04 during trading hours on Thursday, hitting $1.08. The stock had a trading volume of 8,475 shares, compared to its average volume of 61,842. Magna Mining has a 52 week low of $0.29 and a 52 week high of $1.28. The company’s fifty day moving average is $1.12 and its two-hundred day moving average is $0.96.

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.