First Majestic Silver Corp (NYSE:AG) shares surged by 7.01%


Boston, MA, 06/28/2013 (financialstrend) – The share prices of First Majestic Silver Corp (NYSE:AG) had been traded in the price range of $8.90 and $9.55 per share on Thursday. The share price of the company had gradually advanced by 7.01 percent more than the previous day. The opening price is $8.97 per share. The share price of First Majestic Silver Corp (NYSE:AG) has made an effect in the 52 week low value $8.90 and 52 week high value $24.20.

First Majestic Silver Corp. (First Majestic) is engaged in exploring, acquiring and developing producing silver and silver in Mexico. The company has five production mines in the Durango State’s La Parrilla Silver Mine, Coahuila State’s La Encantada Silver Mine, Jalisco State’s the San Martin Silver Mine, Zacatecas State’s Del Toro Silver Mine and Mexico State’s La Guitarra Silver Mine.

Mr. Justice Myers judgement explained that the purchasing of Bolanos was related to a corporate opportunity of First Silver and thus First Silver by affecting the purchase of Bolanos Davila breached his fiduciary duty, through a separate company that he owned and controlled – not withstanding that Davila has not associated with First Silver when he affected such purchase. Justice Myers drew a distinction between on the one hand with alleged failure with sufficient enthusiasm to pursue such an opportunity and on the other the company’s affirmative rejection of a corporate opportunity. First Majestic Silver Corp. 2013 BCSC 717 V. Davila has under its scope the liability fiduciaries and reminder stark for a breach of their duties.

The market capitalization value is nearly 1.30 billion. The First Majestic Silver Corp (NYSE:AG) had a trading volume as 1.42 million and the average volume as 1.17 million per day on Thursday.