Is Mag Silver Corporation Ordinary Shares (NYSEAMERICAN:MAG) a Buy? The Stock Reported more Sellers

May 10, 2018 - By Graig Alexander


The stock of Mag Silver Corporation Ordinary Shares (NYSEAMERICAN:MAG) registered an increase of 9.01% in short interest. MAG’s total short interest was 2.78M shares in May as published by FINRA. Its up 9.01% from 2.55 million shares, reported previously. With 314,000 shares average volume, it will take short sellers 9 days to cover their MAG’s short positions. The short interest to Mag Silver Corporation Ordinary Shares’s float is 3.94%.

The stock increased 0.73% or $0.08 during the last trading session, reaching $11.08. About 129,795 shares traded. MAG Silver Corp. (NYSEAMERICAN:MAG) has declined 26.46% since May 10, 2017 and is downtrending. It has underperformed by 38.01% 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 $944.11 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.

Another recent and important MAG Silver Corp. (NYSEAMERICAN:MAG) news was published by which published an article titled: “Ireland-focused Group Eleven Releases Stonepark Resource Estimate” on April 24, 2018.

MAG Silver Corp. (NYSEAMERICAN:MAG) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.