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Magna Mining (TSXV:NICU) 6-Month Price Index : 1.84 (As of Jun. 06, 2024)


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What is Magna Mining 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-06), Magna Mining's 6-Month Price Index is 1.84.

Competitive Comparison of Magna Mining's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Magna Mining's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magna Mining  (TSXV:NICU) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Magna Mining  (TSXV:NICU) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Magna Mining 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Magna Mining's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Magna Mining (TSXV:NICU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Mining Inc (TSXV:NICU) » Definitions » 6-Month Price Index
Comparable Companies
TSXV:AMY TSX:ARA TSX:FURY NEOE:MOLY TSXV:CVW TSXV:SALT TSXV:SCZ TSX:USA TSX:AVL TSXV:EMO ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
MGMNF:USA 8YD:Germany
Address
45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0
Website
https://www.magnamining.com
Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.
Executives
Dundee Corporation 10% Security Holder

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