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

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

Magna Mining Trading Down 1.9 %

Shares of OTCMKTS MGMNF traded down $0.02 during mid-day trading on Tuesday, reaching $0.93. 8,401 shares of the company were exchanged, compared to its average volume of 40,564. The firm has a 50-day moving average of $0.99 and a 200 day moving average of $0.76. Magna Mining has a 1 year low of $0.28 and a 1 year high of $1.21.

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.