Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of First Majestic Silver
So what: Volume was more than twice the three-month average at 4.3 million shares today. There is relatively little news, but First Majestic Silver has been on a slide for more than a month, so investors are starting to see some value again.
Now what: Bargain hunters are looking for some sort of value after gold and silver futures have been pummeled over the past few days. Some think that producers will provide some value, considering their ability to hedge future production, as one report by Bedford stated today. That is true to an extent, but I'm not eager to jump on the move today, given the volatility in gold and silver lately.
Interested in more info on First Majestic Silver? Add it to your watchlist.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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