Magnum Mining and Exploration (ASX:MGU) Shares Down 5.9%

Shares of Magnum Mining and Exploration Ltd. (ASX:MGU) dropped 5.9% during trading on Tuesday . The company traded as low as A$0.08 ($0.06) and last traded at A$0.08 ($0.06). Approximately 114,293 shares traded hands during trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at A$0.09 ($0.06).

The firm has a market cap of $22.93 million and a P/E ratio of -16.40. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 49.01. The firm’s 50 day moving average is A$0.08.

About Magnum Mining and Exploration (ASX:MGU)

Magnum Mining and Exploration Limited explores for mineral properties. The company owns interests in the Gravelotte emerald project located close to the town of Gravelotte in the Limpopo province of South Africa. Magnum Mining and Exploration Limited is based in Subiaco, Australia.

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