Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report)’s stock price shot up 5.8% on Thursday . The company traded as high as $1.59 and last traded at $1.58. 109,817 shares were traded during trading, a decline of 22% from the average session volume of 141,309 shares. The stock had previously closed at $1.4940.
Magna Mining Price Performance
The firm’s 50 day moving average price is $1.64 and its two-hundred day moving average price is $1.93.
Magna Mining Company Profile
Magna Mining Inc is a Canada-based mineral exploration and development company focused on advancing base metal projects in Mexico. The company’s flagship asset is the Cordero silver-lead-zinc deposit, located in the state of Chihuahua. Through systematic exploration, resource definition drilling and metallurgical testing, Magna Mining aims to delineate and expand mineral resources in order to progress Cordero toward preliminary economic assessment and prefeasibility stages.
The Cordero project benefits from existing infrastructure, including paved highways and nearby power transmission, which supports ongoing drill programs and potential future development.
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