MAG Silver (TSE:MAG) Shares Cross Above 50-Day Moving Average – Here’s What Happened

MAG Silver Corp. (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG) shares passed 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 Performance

The business’s 50-day simple moving average is C$34.38 and its two-hundred day simple moving average is C$32.03. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 0.84 and a beta of 1.12.

About MAG Silver

(Get Free Report)

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%).

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