Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report) traded down 4.1% on Thursday . The stock traded as low as $1.5710 and last traded at $1.6010. 70,624 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 140,596 shares. The stock had previously closed at $1.67.
Magna Mining Stock Performance
The business has a fifty day simple moving average of $1.60 and a 200 day simple moving average of $1.89.
About Magna Mining
Magna Mining Inc is a Canada-based mineral exploration and development company focused on advancing base metal projects in Mexico. The company’s flagship asset is the Cordero silver-lead-zinc deposit, located in the state of Chihuahua. Through systematic exploration, resource definition drilling and metallurgical testing, Magna Mining aims to delineate and expand mineral resources in order to progress Cordero toward preliminary economic assessment and prefeasibility stages.
The Cordero project benefits from existing infrastructure, including paved highways and nearby power transmission, which supports ongoing drill programs and potential future development.
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