MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$34.38 and traded as high as C$34.98. MAG Silver shares last traded at C$34.38, with a volume of 146,911 shares changing hands.
MAG Silver Stock Up 2.9%
The company has a market cap of C$3.56 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The stock has a 50-day simple moving average of C$34.38 and a 200-day simple moving average of C$34.38. The company has a current ratio of 44.26, a quick ratio of 25.31 and a debt-to-equity ratio of 0.37.
About MAG Silver
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.
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