Public Joint Stock Company Magnit (LON:MGNT) Trading Down 33.1% – Here’s What Happened

Public Joint Stock Company Magnit (LON:MGNT) shares were down 33.1% on Thursday . The company traded as low as GBX 6.56 ($0.08) and last traded at GBX 6.56 ($0.08). Approximately 100 shares traded hands 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 Performance

The company has a fifty day moving average price of GBX 6.56 and a two-hundred day moving average price of 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.