MAG Silver (NYSEMKT:MAG) Shares Up 67% – Here’s What Happened

MAG Silver Corp. (NYSEMKT:MAGGet Free Report)’s stock price traded up 67% during mid-day trading on Tuesday . The company traded as high as $15.10 and last traded at $24.4760. 694,838 shares changed hands during mid-day 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 company has a 50-day moving average of $24.48 and a 200 day moving average of $22.84. The stock has a market capitalization of $2.54 billion, a PE ratio of 24.72 and a beta of 0.73.

About MAG Silver

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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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