Magna Mining Inc. (OTCMKTS:MGMNF) Short Interest Update

Magna Mining Inc. (OTCMKTS:MGMNF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 163,700 shares, an increase of 31.5% from the February 28th total of 124,500 shares. Based on an average daily volume of 77,000 shares, the days-to-cover ratio is presently 2.1 days.

Magna Mining Price Performance

Shares of MGMNF stock traded down $0.01 during trading hours on Monday, hitting $1.09. 80,094 shares of the company’s stock traded hands, compared to its average volume of 60,540. The stock’s fifty day simple moving average is $1.16 and its two-hundred day simple moving average is $1.03. Magna Mining has a 12-month low of $0.38 and a 12-month high of $1.28.

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.