MAG Silver Corp. (AMEX:MAG) price on Wednesday, April 17, rose 4.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.14.
A look at the stock’s price movement, the close in the last trading session was $11.67. The PE ratio in trailing twelve months stood at 25.73. Turning to its 52-week performance, $13.70 and $8.19 were the 52-week high and 52-week low respectively. Overall, MAG moved 32.24% over the past month.
MAG Silver Corp.’s market cap currently stands at around $1.25 billion.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MAG is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
MAG’s current price about 10.99% and 25.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.08, while 7-day volatility ratio is 4.76% and 5.11% in the 30-day chart. Further, MAG Silver Corp. (MAG) has a beta value of 1.13, and an average true range (ATR) of 0.54.
If we refocus on MAG Silver Corp. (AMEX:MAG), historical trading data shows that trading volumes averaged 890.86K over the past 3 months. The company’s latest data on shares outstanding shows there are 102.97 million shares.
The 10.00% of MAG Silver Corp.’s shares are in the hands of company insiders while institutional holders own 59.84% of the company’s shares. Current price change has pushed the stock 16.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAG stock continues to rise going into the next quarter.
