Large Inflow of Money Detected in First Majestic Silver

First Majestic Silver (AG) : On Monday, The money flowed into the First Majestic Silver (AG) stock with an uptick to downtick ratio was recorded at 1.14. Transactions worth $18.54 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $16.22 million. The total money flow into the stock was $2.33 million. The block trades reveal a bullish bias with an up-down ratio of 1.39. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.85 million of block transactions on upticks. The value of block trades on downticks was $1.33 million, indicating lower selling interest. The total money flow in block trades was $0.52 million. In terms of price action, First Majestic Silver (AG) traded down $0.61 during the session at $17.49. Compared to the previous days closing, the stock was down only by -3.37%. For the week, the stock is -1.91%, over previous weeks closing.


First Majestic Silver Corp. has dropped 3.69% in the last five trading days, however, the shares have posted positive gains of 4.29% in the last 4 weeks. First Majestic Silver Corp. is up 55.74% in the last 3-month period. Year-to-Date the stock performance stands at 434.86%.

First Majestic Silver (NYSE:AG): The stock opened at $18.13 on Monday but the bulls could not build on the opening and the stock topped out at $18.18 for the day. The stock traded down to $17.38 during the day, due to lack of any buying support eventually closed down at $17.49 with a loss of -3.37% for the day. The stock had closed at $18.10 on the previous day. The total traded volume was 6,386,920 shares.

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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