Magna Mining Inc. (OTCMKTS:MGMNF – Get Free Report)’s share price shot up 4.6% during mid-day trading on Wednesday . The stock traded as high as $2.0665 and last traded at $2.04. 223,477 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 134,592 shares. The stock had previously closed at $1.95.
Magna Mining Trading Down 1.0%
The company has a fifty day moving average of $1.70 and a 200 day moving average of $1.76.
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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