MAG Silver (TSE:MAG) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$34.38 and traded as low as C$33.70. MAG Silver shares last traded at C$34.38, with a volume of 146,911 shares.

MAG Silver Trading Up 2.9%

The company has a fifty day simple moving average of C$34.38 and a two-hundred day simple moving average of C$34.38. The company has a quick ratio of 25.31, a current ratio of 44.26 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, and the JV is constructing and developing the surface and underground infrastructure on the property to support a 4,000tpd mining operation.