Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report)’s stock price dropped 5.5% during mid-day trading on Friday. The company traded as low as $1.3580 and last traded at $1.3806. Approximately 159,434 shares traded hands during trading, an increase of 21% from the average session volume of 131,687 shares. The stock had previously closed at $1.4606.
Magna Mining Trading Down 5.5%
The firm has a 50-day moving average of $1.78 and a 200 day moving average of $1.83.
Magna Mining Company Profile
Magna Mining Inc is a Canadian mineral exploration and development company focused on nickel, copper and platinum group metals. The company’s activities are centered on advancing mineral properties rather than operating a diversified portfolio of producing mines.
Magna’s principal assets are located in the Sudbury Basin of Ontario, Canada, a region with a long history of nickel and copper production. Its key projects include the Crean Hill Nickel Project and the Shakespeare Project, which contain nickel-copper mineralization along with platinum group metals.
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