Overall market sentiment has been high on MAG Silver Corp (MAG) stock lately. MAG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MAG Stock Today?
MAG Silver Corp (MAG) stock is trading at $16.87 as of 11:07 AM on Tuesday, Apr 6, a rise of $1.00, or 6.3% from the previous closing price of $15.87. The stock has traded between $16.10 and $16.96 so far today. Volume today is less active than usual. So far 404,814 shares have traded compared to average volume of 855,097 shares.
To see InvestorsObserver's Sentiment Score for MAG Silver Corp click here.
More About MAG Silver Corp
MAG Silver Corp is a Canadian advanced stage development and exploration company. It is focused on exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Property, being developed in a Joint Venture with Fresnillo. The Juanicipio project is located in the state of Zacatecas in Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. The firm is constructing and developing the surface and underground infrastructure on the property to support around 4,000 tonnes per day mining operation. As well, an expanded exploration program is in place at Juanicipio with multiple highly prospective targets identified across the property.
Click Here to get the full Stock Score Report on MAG Silver Corp (MAG) Stock.
