MAG Silver (TSE:MAG) Hits New 12-Month High at $17.39

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Shares of MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) reached a new 52-week high on Tuesday . The company traded as high as C$17.39 and last traded at C$17.23, with a volume of 236288 shares trading hands. The stock had previously closed at C$16.27.

Separately, Pi Financial increased their target price on MAG Silver from C$19.00 to C$19.50 in a research note on Wednesday, July 24th.

The company has a quick ratio of 250.21, a current ratio of 251.72 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of C$15.22 and a 200 day simple moving average of C$13.83. The firm has a market capitalization of $1.43 billion and a P/E ratio of -325.19.

In related news, Director Daniel Thomas Macinnis sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$15.00, for a total value of C$375,000.00. Following the completion of the transaction, the director now owns 316,288 shares of the company’s stock, valued at C$4,744,320. Also, Director Richard Mark Colterjohn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of C$14.72, for a total transaction of C$73,600.00. Following the completion of the transaction, the director now directly owns 19,406 shares of the company’s stock, valued at approximately C$285,656.32. Insiders have sold 74,200 shares of company stock worth $1,105,817 over the last three months.

MAG Silver Company Profile (TSE:MAG)

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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