Shares of First Majestic Silver Corp. (AG) Sees Large Inflow of Net Money Flow

First Majestic Silver Corp. (AG) had a weak trading session and its shares were last down at $9.57, down -0.03% or -0.31 points. The trading data also revealed that the total net flow stood at $0.94 million as the shares had $1.54 million in upticks but lost $0.6 million in downticks. The up/down ratio was 2.58. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of 3.91% in the shares.The block trade data suggests an inflow of $0.87 million in upticks and an outflow of $0 million in downticks. The up/down ratio for the block stood at 0. The net money flow for this transaction was recorded at $0.87.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of First Majestic Silver Corp. rose by 6.7% in the last five trading days and 27.39% for the last 4 weeks. First Majestic Silver Corp. is up 20.75% in the last 3-month period. Year-to-Date the stock performance stands at 27.39%. First Majestic Silver Corp. (NYSE:AG) rose 1.25% or 0.12 points on Wednesday and made its way into the gainers of the day. After trading began at $9.44 the stock was seen hitting $9.85 as a peak level and $9.39 as the lowest level. The stock ended up at $9.72. The daily volume was measured at 5,370,955 shares. The 52-week high of the share price is $19.15 and the 52-week low is $2.95. The company has a market cap of $1,597 million.

First Majestic Silver Corp Last issued its quarterly earnings results on Aug 10, 2016. The company reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.05. The company had revenue of $66.10 million for the quarter.The companys revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

First Majestic Silver Corp. is engaged in the production, development, exploration, and acquisition of silver mines in Mexico. First Majestic Silver Corp. is headquartered in Vancouver, Canada.


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