Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report)’s share price was up 5.8% during mid-day trading on Thursday . The stock traded as high as $1.59 and last traded at $1.58. Approximately 109,817 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 141,309 shares. The stock had previously closed at $1.4940.
Magna Mining Stock Performance
The stock has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $1.93.
Magna Mining Company Profile
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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