Public Joint Stock Company Magnit (LON:MGNT) Stock Price Down 33.1% – What’s Next?

Public Joint Stock Company Magnit (LON:MGNT) shares were down 33.1% during mid-day trading on Friday . The company traded as low as GBX 6.56 ($0.08) and last traded at GBX 6.56 ($0.08). Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 1,012,682 shares. The stock had previously closed at GBX 9.80 ($0.12).

Public Joint Stock Company Magnit Stock Down 33.1 %

The business’s fifty day moving average is GBX 6.56 and its 200-day moving average is GBX 6.55.

Public Joint Stock Company Magnit Company Profile

Magnit PAO, formerly Magnit OAO (Magnit OJSC) is a Russia-based holding company, which is engaged in the food retail industry. The Company operates the chain of numerous convenience stores and hypermarkets, as well as Magnit Family stores in more than 1,763 locations across the Russian Federation. The Company’s stores are located within the Southern, Central and Volga Regions, North-Western and Urals Regions.