Magna-Lab (OTCMKTS:MAGAA) Stock Price Down 30%

Magna-Lab Inc (OTCMKTS:MAGAA)’s stock price dropped 30% during trading on Tuesday . The stock traded as low as $0.11 and last traded at $0.11, approximately 1,300 shares changed hands during trading. An increase of 37,043% from the average daily volume of 4 shares. The stock had previously closed at $0.15.

The firm’s 50-day moving average is $0.18 and its 200 day moving average is $0.14.

Magna-Lab Company Profile (OTCMKTS:MAGAA)

Magna-Lab, Inc is a shell company, which intends to identify and merge with an operating company. The company was founded by Lawrence A. Minkoff on February 22, 1991 and is headquartered in Syosset, NY.

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