MAG Silver (NYSEMKT:MAG) Shares Up 67% – Still a Buy?

MAG Silver Corp. (NYSEMKT:MAGGet Free Report)’s share price traded up 67% during mid-day trading on Wednesday . The stock traded as high as $15.10 and last traded at $24.4760. 694,838 shares changed hands 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 Stock Up 67.0%

The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 24.72 and a beta of 0.73. The company’s fifty day simple moving average is $24.48 and its 200 day simple moving average is $23.41.

About MAG Silver

(Get Free Report)

MAG Silver Corp. is a Canada-based precious metals company primarily engaged in the exploration, development and acquisition of high-grade silver projects. The company focuses on advancing projects through strategic partnerships and joint ventures, leveraging technical expertise and financial strength to target near-term production opportunities. MAG Silver’s mission is to unlock value in world-class silver districts while maintaining a disciplined approach to capital allocation and environmental stewardship.

The company’s flagship asset is the Juanicipio project, located in the Fresnillo silver district of Zacatecas State, Mexico.

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