Sunday, August 28, 2011

In the Zone

$AG - First Majestic Silver Corp.

First Majestic Silver Corp. engages in the production, development, exploration, and acquisition of mineral properties with a focus on silver in Mexico.

The company owns interests in La Encantada Silver Mine comprising 4,076 hectares of mining rights and 1,343 hectares of surface land located in Coahuila; La Parrilla Silver Mine consisting of mining concessions covering an area of 69,867 hectares; and San Martin Silver Mine comprising approximately 7,841 hectares of mineral rights and approximately 1,300 hectares of surface land rights located in Jalisco.

It also holds interests in Del Toro Silver Mine consisting of 393 contiguous hectares of mining claims and an additional 129 hectares of surface rights located in Zacatecas; Real de Catorce Silver Project comprising 22 mining concessions covering 6,327 hectares located in San Luis Potosi state; and Jalisco Group of Properties consisting of mining claims totalling 5,240 hectares located in Jalisco. The company was founded in 1979 and is headquartered in Vancouver, Canada.

Please keep the First Majestic Silver Corp. on your watch list for a breakout in price above $25.10 - $25.15 on heavier than average daily trading volume of 1.54 million.

First Majestic Silver Corp. ended the week trading at $22.57 up $1.46 or 6.92% on lighter than average upside trading volume of 7.10 million. The average weekly trading volume for First Majestic Silver Corp. is 7.11 million.

This stock is not a buy recommendation please do your own due diligence or get help from a professional before trading.

By: Marlin Rolle

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