MAG Silver Corp. (MAG:CA) Rises 6.73% for March 12

Equities Staff  |

March 12 was a positive day for MAG Silver Corp. (MAG:CA) as its stock finished the day having gained 6.73% to hit a price of $13.63 a share. The company reached a market cap of 1.17 billion and has 85.48 million shares outstanding. MAG Silver Corp. is a component of the the S&P/TSX Composite Index.

330,842 shares changed hands over the course of the day as compared to an average volume of 203,180 over the last 30 days for MAG Silver Corp..

MAG Silver Corp is a mineral exploration and development company based in Canada. The group focuses on district-scale projects in the Mexican Silver Belt, and its main source of revenue is interest income from high interest savings accounts.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO George N. Paspalas.

MAG Silver Corp. has hit a high of $19.79 and reached a low of $11.71 over its last year of trading. The stock’s 50-day SMA is now $13.91 and 200-day SMA is $14.98. As for its price valuations, the P/E ratio is at 0 and P/B is now 5.12.

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Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

To get more information on MAG Silver Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: MAG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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