Magna Mining (OTCMKTS:MGMNF – Get Free Report) is anticipated to announce its resultson Wednesday, August 12th. Analysts expect the company to post earnings of $0.0070 per share and revenue of $23.2320 million for the quarter.
Magna Mining Trading Up 3.7%
Shares of MGMNF stock traded up $0.06 on Wednesday, hitting $1.77. 10,760 shares of the stock traded hands, compared to its average volume of 136,611. Magna Mining has a twelve month low of $1.21 and a twelve month high of $3.10. The firm’s 50-day moving average price is $1.59 and its two-hundred day moving average price is $1.84.
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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