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

Magna Mining Inc. (OTCMKTS:MGMNF) 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 volume of 183,800 shares, the days-to-cover ratio is presently 0.6 days.

Magna Mining Price Performance

OTCMKTS:MGMNF opened at $1.08 on Friday. Magna Mining has a 1 year low of $0.29 and a 1 year high of $1.28. The business has a fifty day moving average of $1.12 and a 200-day moving average of $0.96.

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.