Magna Mining (MGMNF) to Announce Earnings on Wednesday

Magna Mining (OTCMKTS:MGMNF) is expected to be announcing its resultson Wednesday, August 12th. Analysts expect Magna Mining to post earnings of $0.0070 per share and revenue of $23.2320 million for the quarter.

Magna Mining Stock Up 3.7%

MGMNF stock traded up $0.06 during mid-day trading on Wednesday, reaching $1.77. The company’s stock had a trading volume of 10,760 shares, compared to its average volume of 136,611. The company’s 50 day moving average is $1.59 and its two-hundred day moving average is $1.84. Magna Mining has a fifty-two week low of $1.21 and a fifty-two week high of $3.10.

Magna Mining Company Profile

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.