Magna Gold Corp. (OTCMKTS:MGLQF – Get Rating) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,000 shares, a drop of 46.9% from the February 13th total of 11,300 shares. Based on an average daily volume of 240,100 shares, the short-interest ratio is presently 0.0 days.
Magna Gold Stock Up 72.5 %
MGLQF stock traded up C$0.01 during trading hours on Friday, hitting C$0.01. 13,973 shares of the stock were exchanged, compared to its average volume of 76,283. The company has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.08. Magna Gold has a 12 month low of C$0.01 and a 12 month high of C$0.67.
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Magna Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company explores for gold and silver deposits. Its principal property is the San Francisco gold project, which consists of 21 contiguous concessions covering an area of 47,395 hectares located in Sonora, Mexico.
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