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

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

Magna Mining Price Performance

Shares of MGMNF stock traded down $0.00 during mid-day trading on Tuesday, hitting $0.60. 185,688 shares of the company’s stock were exchanged, compared to its average volume of 37,495. Magna Mining has a fifty-two week low of $0.28 and a fifty-two week high of $0.71. The stock has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.37.

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.