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MAG Silver (NYSEMKT:MAG) Trading Up 36.2% - Here's What Happened

MAG Silver logo with Basic Materials background

MAG Silver Corp. (NYSEMKT:MAG - Get Free Report)'s stock price shot up 36.2% on Wednesday . The company traded as high as $15.10 and last traded at $19.97. 694,838 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 802,925 shares. The stock had previously closed at $14.66.

MAG Silver Stock Up 44.7%

The stock's 50-day moving average price is $16.39 and its 200 day moving average price is $15.67. The company has a market cap of $2.20 billion, a P/E ratio of 24.07 and a beta of 0.73.

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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