Why does a stock go down?

The current value of anticipated future profits is influenced by expectations for growth and market risk. If profit growth expectations fall or market risk rises, stock prices may drop.

Is it bad if stock goes down?

A falling stock price means the investor faces a loss, depending on how much the stock's value has declined since purchase. The lower the price drops, the more the investor's holdings lose value.

Is it possible to predict the market?

While absolute certainty isn't possible, investors use tools like technical analysis and chart reading to make informed guesses about market direction.

Magna Mining Inc.

MGMNF•PNK

Basic MaterialsIndustrial Materials

$1.21

$0.05(4.14%)

MGMNF is Up +4.14% today

You might want to check out Why is MGMNF Up Today?

Why Is Magna Mining Inc. (MGMNF) Stock Down Today?

Live update on MGMNF's stock movement with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.

Volume (Unusual)

8.00K

↓ 89.00%

Open / Previous Close

$1.18 / $1.16

Day Range (Low / High)

$1.17 - $1.21

Summary

Magna Mining Inc. (MGMNF) is trading up +4.14% at $1.21, reflecting a positive shift in investor sentiment today. The stock opened at $1.18 and has moved between $1.17 and $1.21 so far.

Trading volume is 8000, which is 89% below its average, and the price action suggests buying interest.

Technically, MGMNF is trading above its 50-day moving average of $1.06 and above its 200-day moving average of $1.01, indicating short-term and long-term strength.

Forecast models project potential returns of -5.63% in 1 month ($1.14), +52.31% in 1 year ($1.84), and +120.04% in 5 years ($2.66).

In context, the broader Basic Materials sector is down -1.70% today, which may be contributing to the move.

View the full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement.
Stay informed and make better investment decisions.

MGMNF Technical Signals

Trading over 50-day moving average ($1.06)

Trading over 200-day moving average ($1.01)

Analyst Recommendations data is not available for MGMNFAnalyst Recommendations details for MGMNF are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Sector Context

The Basic Materials sector is down -1.70% today, with the Industrial Materials industry contributing to the decline. This broader context may be weighing on the stock's performance.

Price Forecast

1 Month

$1.14

1 Year

$1.84

3 Years

$2.71

5 Years

$2.66

Bad0.00

Is this change significant?

5-Day:-11.46%

1-Month:-10.61%

3-Month:-17.00%

What's next?

Next earnings date: 7/30/2025