Magna Gold Corp. (MGLQF)
Magna Gold Corp. operates in the Gold industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $0.01, up 0.00% on the session, giving a market capitalisation of $734,085. On trailing twelve-month figures it carries a trailing P/E of 0.14, a net margin of 5.4%. Its beta of 0.72 implies it has historically moved less than the broad market.
Magna Gold Corp. is a Canadian company, founded in 2018 and headquartered in Vancouver, which focuses on various stages of mineral property management within Mexico. Its core business involves identifying, acquiring, exploring, developing, and eventually operating mining sites. The company specifically targets precious metal reserves, primarily searching for gold and silver deposits. A key asset in its portfolio is the San Francisco gold project, an operation located in Sonora, Mexico, encompassing 21 interconnected mining concessions that collectively cover an area of 47,395 hectares.
Magna Gold Corp. is most often compared with the following Basic Materials names: