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MAG Silver (NYSEMKT:MAG) Trading 56.4% Higher - Should You Buy?

MAG Silver logo with Basic Materials background

Key Points

  • MAG Silver Corp. shares rose by 56.4% on Monday, trading between $15.10 and $22.94, following a previous close of $14.66.
  • The company has a market cap of $2.37 billion and a price-to-earnings ratio of 26.06, with trading volume down 28% from the average.
  • MAG Silver focuses on developing and exploring precious metal properties, with its flagship property being the Juanicipio property in Mexico.
  • Want stock alerts on MAG Silver? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

MAG Silver Corp. (NYSEMKT:MAG - Get Free Report) shares rose 56.4% during mid-day trading on Monday . The company traded as high as $15.10 and last traded at $22.94. Approximately 694,838 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 969,568 shares. The stock had previously closed at $14.66.

MAG Silver Stock Up 57.4%

The firm has a market cap of $2.39 billion, a PE ratio of 23.30 and a beta of 0.69. The firm's fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $18.02.

About MAG Silver

(Get Free Report)

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.

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