First Majestic Silver (TSE:FR) Share Price Passes Below 200 Day Moving Average of $8.25

First Majestic Silver Corp. (TSE:FR) (NYSE:AG) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.25 and traded as low as C$7.85. First Majestic Silver shares last traded at C$8.09, with a volume of 646,602 shares trading hands.

First Majestic Silver Price Performance

The stock’s fifty day moving average price is C$8.96 and its 200-day moving average price is C$8.25. The company has a debt-to-equity ratio of 19.13, a quick ratio of 1.19 and a current ratio of 2.33. The firm has a market cap of C$2.35 billion, a PE ratio of -36.77, a P/E/G ratio of 0.14 and a beta of 1.33.

First Majestic Silver Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.005 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. First Majestic Silver’s dividend payout ratio is presently -13.64%.

About First Majestic Silver

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.