MAG Silver (NYSEMKT:MAG) Trading 69% Higher - Here's Why

Key Points

• MAG Silver Corp. shares surged 69%, reaching a high of $15.10 before closing at $24.77, despite a 28% decline in trading volume compared to average levels.
• The company recently declared a special dividend of $0.124, yielding 104.0% and with a payout ratio of 24.24%.
• MAG Silver primarily focuses on developing precious metal properties, with its flagship asset being the Juanicipio property in Mexico.

MAG Silver Corp. (NYSEMKT:MAG - ) shares traded up 69% during mid-day trading on Tuesday . The company traded as high as $15.10 and last traded at $24.77. 694,838 shares were traded during trading, a decline of 28% from the average session volume of 969,568 shares. The stock had previously closed at $14.66.

MAG Silver Trading Up 69.0%

The stock's 50-day moving average is $22.16 and its 200-day moving average is $18.69. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 25.02 and a beta of 0.72.

MAG Silver Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 18th were paid a $0.124 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 104.0%. MAG Silver's dividend payout ratio (DPR) is currently 24.24%.

MAG Silver Company Profile

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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