MAG Silver (NYSEMKT:MAG) Trading 2.6% Higher – Should You Buy?

MAG Silver Corp. (NYSEMKT:MAGGet Free Report) shares rose 2.6% during mid-day trading on Thursday . The stock traded as high as $15.10 and last traded at $15.05. Approximately 694,838 shares changed hands during trading, The stock had previously closed at $14.66.

MAG Silver Stock Performance

The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.97 and a beta of 1.01. The firm has a 50-day simple moving average of $15.22 and a two-hundred day simple moving average of $15.06.

MAG Silver Company Profile

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MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.

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