Is Buying Mag Silver Corporation (NYSEAMERICAN:MAG) Here Good Idea?

February 15, 2018 - By Vivian Park

 Is Buying Mag Silver Corporation (NYSEAMERICAN:MAG) Here Good Idea?

The stock of Mag Silver Corporation (NYSEAMERICAN:MAG) registered an increase of 7.12% in short interest. MAG’s total short interest was 2.87M shares in February as published by FINRA. Its up 7.12% from 2.68 million shares, reported previously. With 292,100 shares average volume, it will take short sellers 10 days to cover their MAG’s short positions. The short interest to Mag Silver Corporation’s float is 4.11%.

The stock increased 0.09% or $0.01 during the last trading session, reaching $10.75. About 97,106 shares traded. MAG Silver Corp. (NYSEAMERICAN:MAG) has declined 8.65% since February 15, 2017 and is downtrending. It has underperformed by 25.35% the S&P500.

MAG Silver Corp., an exploration and development company, focuses on acquiring, exploring, and development of district scale projects located in the Mexican Silver Belt. The company has market cap of $900.33 million. It explores for copper, gold, silver, lead, and zinc deposits. It currently has negative earnings. The companyÂ’s principal asset is the Juanicipio property comprising a single concession covering 7,679.21 hectares located in central Zacatecas State, Mexico.

More notable recent MAG Silver Corp. (NYSEAMERICAN:MAG) news were published by: Globenewswire.com which released: “MAG Silver Announces up to US$44 Million Private Placement” on November 15, 2017, also Fool.com with their article: “Here’s What Was Behind MAG Silver Corp.’s 29% Move Higher in January” published on February 10, 2017, Fool.ca published: “Get Ready for Higher Silver by Investing in MAG Silver Corp.” on February 10, 2018. More interesting news about MAG Silver Corp. (NYSEAMERICAN:MAG) were released by: Marketwatch.com and their article: “MAG Silver Corp.” published on December 22, 2016 as well as Globenewswire.com‘s news article titled: “MAG Silver Announces Closing of US$48 Million Private Placement” with publication date: November 28, 2017.

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