Shares of First Majestic Silver (AG) Sees Large Outflow of Money

First Majestic Silver (AG) : The total money flow in First Majestic Silver (AG) was negative ($2.32 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $16 million. In comparison, the inflow of money into the stock on upticks was $13.68 million. The uptick to downtick ratio was 0.85. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.28 million. The value of transactions on uptick was $1.96 million. The negative money flow of ($1.32 million) confirms the selling in First Majestic Silver (AG) on strength. The uptick to downtick ratio of block trades was 0.6. First Majestic Silver (AG) gained $0.1 at $17.01, a gain of 0.59% over the previous days close. However, the stock registered 6.51% in the week.


The stock has recorded a 20-day Moving Average of 22.28% and the 50-Day Moving Average is 39.22%. Shares have rallied 262.33% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $16.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.59 and the 200 Day Moving Average price is recorded at $7.69.

First Majestic Silver (NYSE:AG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.45 and $16.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.94, notching a gain of 0.18% for the day. The total traded volume was 7,241,258 . The stock had closed at $16.91 on the previous day.

First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Companys other exploration properties. All of the Companys operations are within the mining industry and its products are silver dore, silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, La Luz Silver Project, Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project, the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.

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