Management, Inc., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties, primarily silver and associated base and precious metals principally in North America. The company owns interests in the Montanore project located in Sanders and Lincoln Counties in northwestern Montana, which consists of two federal patented mining claims and approximately 1,059 unpatented lode mining claims and mill sites. It also holds interests in the Advance and Iroquois zinc-lead exploration properties located in northeastern Washington State; and a 10.16% working interest in 4 oil wells on a lease in Sumner County, Kansas. The company was founded in 1947 and is based in Spokane, Washington.

-Mines Management Inc.reported a narrower net loss for the third quarter of $2.3 million or $0.10 per share, compared to $3.1 million or $0.14 per share a year ago.

-MGN added 3.99%, to $3.13 last trading day. It has a market cap of 71.81 million and has traded within a 52-week range of $1.03 and $3.47. MGN is currently above its 20-day moving average of $2.95 and above its 100-day moving average of $2.62. It has near- term technical support in the $2.59 price area. If the shares can continue the recent rebound, we see overhead resistance around the $3.47 price levels. Technical indicator for the stock is strong buy.  Here is the chart: