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

Magna Mining Inc. (OTCMKTS:MGMNF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 91,100 shares, a growth of 31.5% from the March 31st total of 69,300 shares. Based on an average daily trading volume, of 87,400 shares, the days-to-cover ratio is presently 1.0 days.

Magna Mining Stock Down 0.8 %

Magna Mining stock traded down $0.00 during midday trading on Tuesday, reaching $0.60. The company’s stock had a trading volume of 185,688 shares, compared to its average volume of 37,495. The business has a 50-day simple moving average of $0.42 and a 200-day simple moving average of $0.37. Magna Mining has a fifty-two week low of $0.28 and a fifty-two week high of $0.71.

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.