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MAG Silver Corp. (MAG): Investors are paying attention to this stock

Let’s start up with the current stock price of MAG Silver Corp. (MAG), which is $12.50 to be very precise. The Stock rose vividly during the last session to $13.03 after opening rate of $12.40 while the lowest price it went was recorded $12.20 before closing at $12.28.Recently in News on September 13, 2022, MAG Silver Provides Juanicipio Commissioning Update. MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) reports that it has received communication from Fresnillo Plc (“Fresnillo”), the operator of the Juanicipio Project, that all construction activities related to final tie-in to the electrical grid have been completed and all systems are ready to be energized. Prior to making the final tie-in to the electrical grid, as a precautionary measure to ensure uninterrupted service to the surrounding area, the state-owned electricity regulator, CFE (Comisión Federal de Electricidad), have requested additional testing to verify compatibility between new and updated substation equipment installed by Juanicipio and existing older CFE infrastructure. Specialized start-up protocols and operations controls may also need to be implemented during initial mill start-up to prevent local power fluctuations. You can read further details here

MAG Silver Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.58 on 03/08/22, with the lowest value was $10.32 for the same time period, recorded on 07/14/22.

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MAG Silver Corp. (MAG) full year performance was -25.42%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, MAG Silver Corp. shares are logging -42.48% during the 52-week period from high price, and 21.12% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.32 and $21.73.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 820089 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the MAG Silver Corp. (MAG) recorded performance in the market was -20.23%, having the revenues showcasing -2.27% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.64B, as it employees total of 10 workers.

Analysts verdict on MAG Silver Corp. (MAG)

During the last month, 0 analysts gave the MAG Silver Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.06, with a change in the price was noted -2.48. In a similar fashion, MAG Silver Corp. posted a movement of -16.56% for the period of last 100 days, recording 492,998 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MAG is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

MAG Silver Corp. (MAG): Technical Analysis

Raw Stochastic average of MAG Silver Corp. in the period of last 50 days is set at 53.83%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 50.88%. In the last 20 days, the company’s Stochastic %K was 48.06% and its Stochastic %D was recorded 45.35%.

Let’s take a glance in the erstwhile performances of MAG Silver Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -20.23%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -24.47%, alongside a downfall of -25.42% for the period of the last 12 months. The shares increased approximately by -0.56% in the 7-day charts and went up by -1.19% in the period of the last 30 days. Common stock shares were lifted by -2.27% during last recorded quarter.

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