MAG Silver (TSE:MAG) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG)’s share price passed above its 50-day moving average during trading on Friday . 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.

MAG Silver Stock Performance

The stock has a market cap of C$3.56 billion, a PE ratio of 34.73, a PEG ratio of 0.84 and a beta of 1.12. The stock’s fifty day moving average price is C$34.38 and its 200 day moving average price is C$32.63. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01.

MAG Silver Company Profile

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.