Short Interest in Magna Mining Inc. (OTCMKTS:MGMNF) Decreases By 18.0%

Magna Mining Inc. (OTCMKTS:MGMNF) saw a large decline in short interest during the month of 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 trading volume of 108,300 shares, the short-interest ratio is currently 1.6 days.

Magna Mining Stock Performance

OTCMKTS MGMNF traded down $0.04 during trading hours on Friday, hitting $0.96. 36,395 shares of the company’s stock were exchanged, compared to its average volume of 40,685. The business’s 50 day moving average is $0.98 and its 200-day moving average is $0.76. Magna Mining has a 12-month low of $0.28 and a 12-month 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.