Magna Mining Inc. (OTCMKTS:MGMNF) Short Interest Down 18.0% in December

Magna Mining Inc. (OTCMKTS:MGMNF) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 171,000 shares, a decrease of 18.0% from the November 30th total of 208,600 shares. Based on an average trading volume of 108,300 shares, the days-to-cover ratio is currently 1.6 days.

Magna Mining Trading Down 1.0 %

Shares of Magna Mining stock traded down $0.05 on Monday, hitting $0.95. 35,170 shares of the company’s stock were exchanged, compared to its average volume of 40,663. Magna Mining has a 1 year low of $0.28 and a 1 year high of $1.21. The company has a 50-day simple moving average of $0.98 and a 200-day simple moving average of $0.76.

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.