MAG Silver (TSE:MAG) Stock Jumps 2.9% – Here’s What Happened

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) traded up 2.9% during trading on Tuesday. The company traded as high as C$34.98 and last traded at C$34.38. 146,911 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 281,816 shares. The stock had previously closed at C$33.41.

MAG Silver Stock Up 2.9%

The company has a quick ratio of 25.31, a current ratio of 45.24 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of C$3.56 billion, a P/E ratio of 34.73, a PEG ratio of 0.84 and a beta of 1.12. The company has a fifty day moving average price of C$34.38 and a 200-day moving average price of C$34.38.

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.