Bullboard - Stock Discussion Forum MAG SILVER CORP. T.MAG

Alternate Symbol(s): MAG

Metals & Mining Silver

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is... see more

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TSX:MAG - Post Discussion

MAG SILVER CORP. > Huge trade

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Post by Gangsterme on Jun 22, 2024 4:39pm

Huge trade

A last minute on Friday, 929,000 share traded. Wonder who buying and selling, this on the USA exchange.

179

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Comment by Jetboy1 on Jun 23, 2024 1:42pm

Maybe Mag buying up shares like they said they would at these prices its a good time to buy ?

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Comment by Retiredgeo on Jun 23, 2024 2:24pm

They are limited to 66,000 shares on the TSX and 25% of their trading average on the NYSE. Neither would come close to Friday's numbers. Sterotypically, such large trades at the end of the day are between brokerage houses and the share price is manipulated to the agreed upon sale price. Now that the trade is history I expect MAG to go back up.

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