Magma Silver Corp. faced notable declines this week as trading volumes dipped significantly.
This week, Magma Silver Corp. (MGMA.V) experienced a significant downturn, with shares closing down 6.67% on Thursday and a total decline of 15.15% over the week. The stock is currently trading at C$0.14, which is considerably below its historical averages.
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Magma Silver Corp.
MGMA.V
MGMA.V
Magma Silver Corp.
WealthAwesomeMarket cap
$11.71M
52W high
$0.44
52W low
$0.10
1W change
-15.15%
Beta
0.97
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MGMA's historical volatility
30-Day Vol
100.3%
Annualized
90-Day Vol
95.1%
Annualized
Trend (90d)
-14.7%
Annualized drift
90d Mean
C$0.13
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.14 | C$0.10 – C$0.19 |
| 60 trading days | C$0.14 | C$0.08 – C$0.22 |
| 90 trading days | C$0.13 | C$0.07 – C$0.24 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should note the current performance of Magma Silver Corp. amidst low trading volumes and a declining stock price. The lack of recent news may suggest a wait-and-see approach for potential investors.
Magma Silver Corp. Stock Down 15.15% This Week
The stock is currently trading at C$0.14, significantly lower than its 200-day moving average of C$0.21.
Bull case
If silver prices recover or the company makes strategic changes, it could boost investor confidence and lead to growth.
Bear case
Ongoing poor performance, low trading volumes, and negative fundamentals may keep the stock under pressure.
Price Action Overview
Magma Silver Corp. has had a challenging week, with shares dropping 6.67% on Thursday and a total decline of 15.15% over the past week. Year-to-date, the stock is down 57.58% from its previous highs. Currently, it trades at C$0.14, significantly below its 52-week high of C$0.44.
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Technical Picture
The stock's technical indicators reveal a concerning trend. The current price of C$0.14 is above the 50-day moving average of C$0.13 by 6.1%, but below the 200-day moving average of C$0.21 by 32.8%. The 52-week range shows that the stock is currently at only 12% of its high, indicating a significant drop in value. With a beta of 0.97, the stock's volatility is similar to the market, but the low trading volume of 39,502 shares compared to the 20-day average of 210,023 shares (0.19x) suggests reduced investor interest.
Insider Activity
No recent insider activity has been reported for Magma Silver Corp., which may indicate a lack of confidence from insiders in the current market conditions.
Fundamental Insights
Magma Silver Corp. has a market capitalization of approximately C$11.7 million, with a profit margin of 0.0% and a return on equity (ROE) of -119.8%. The earnings per share (EPS) for the trailing twelve months is -0.07, reflecting ongoing challenges in the company's financial performance.
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