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

Magna Mining Inc. (OTCMKTS:MGMNFGet Free Report) saw a significant increase in short interest in 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 trading volume, of 183,800 shares, the short-interest ratio is presently 0.6 days.

Magna Mining Stock Down 5.4 %

OTCMKTS MGMNF opened at $1.04 on Wednesday. The business has a 50 day moving average price of $1.12 and a 200 day moving average price of $0.96. Magna Mining has a 1-year low of $0.29 and a 1-year high of $1.28.

Magna Mining Company Profile

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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.

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