Magna Mining Inc. (OTCMKTS:MGMNF) Short Interest Update

Magna Mining Inc. (OTCMKTS:MGMNF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 163,700 shares, a growth of 31.5% from the February 28th total of 124,500 shares. Based on an average trading volume of 77,000 shares, the short-interest ratio is presently 2.1 days.

Magna Mining Price Performance

OTCMKTS MGMNF opened at $1.09 on Wednesday. Magna Mining has a twelve month low of $0.38 and a twelve month high of $1.28. The business’s fifty day moving average is $1.16 and its 200 day moving average is $1.04.

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.