Shares of Mag Silver Corp (MVG) saw major losses on Monday. The stock traded down ($0.57) or 4.32% for the day and last traded at $12.61. Approximately 149,309 shares changed hands during mid-day trading.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Mag Silver Corp in a research note to investors on Tuesday, December 28th.
MAG Silver Corp. (MAG) is engaged in the mineral acquisition, exploration and development business. As of December 31, 2009, the Company was in the exploration-stage. The Companyâs property interests are located in Mexico. MAGâs three properties include its 44% joint venture interest in the Juanicipio property, the 100% owned Cinco de Mayo property and the 100% owned Lagartos (NW and SE) property. The Companyâs subsidiary, Minera Los Lagartos, S.A. DE C. V. (Lagartos) is the owner of a 44% interest in Minera Juanicipio, S.A. DE C.V. (Minera Juanicipio) and Fresnillo plc (Fresnillo).
Mag Silver Corp has a 52 week low of $5.66 and a 52 week high of $14.78. The stocks 50-day moving average is $12.16 and its 200-day moving average is $10.58. The company has a market cap of $701.2 million.
