Michael Townsend
Director
- Value · USD estimate
- $4,928
- CAD $6,750.00 filed
- Shares bought
- 50,000
- Price · USD estimate
- $0.0986
- Shares held after
- 1,543,320
Currency conversion
CAD $7K at 0.73 exchange (derived USD, FX as-of not published)
$5M
Market Cap
13.6%
Above 52W Low
$0.054
52W Low
80.6%
Below 52W High
$0.314
52W High
52-Week Range
$0.054
52W Low
$0.314
52W High
11 buys by 2 insiders · latest Jun 29, 2026 · last 12 months
Director
CAD $7K at 0.73 exchange (derived USD, FX as-of not published)
Director
CAD $6K at 0.73 exchange (derived USD, FX as-of not published)
Director
CAD $1K at 0.73 exchange (derived USD, FX as-of not published)
Magma Silver Corp. is a silver company. Common shares trade on the TSX Venture Exchange as MGMA.
Company registry summary · Source as of
Source links and dates apply to the facts beside them. Fields without a citation may come from company registry or cached provider records. Unverified fields are labeled; missing data is not a zero value.
Ownership coverage includes selected disclosed holders and filings, not every shareholder. An empty ownership or insider section does not establish that no holdings or transactions exist. Headquarters and project locations are different.
Data sources and methodologyMGMA Gold Beta
1.42MGMA·TSXV
Gold beta measures how much this stock tends to move for every 1% move in the price of gold.
Gold Beta
1.42x
Amplifies gold moves
R-squared
0.15
Model fit (weak)
Reliability-Adjusted Beta
0.21x
R²-weighted beta
Observation Window
252-DAY
Daily returns
How to read
β > 1.1
amplifies gold moves
β 0.9-1.1
tracks gold
β 0-0.9
dampens gold moves
β < 0
moves inversely
MGMA's beta of 1.42 means it has historically amplified gold moves.
R-squared of 0.15 indicates a weak relationship. This stock's moves are influenced by factors beyond gold, so treat beta as less predictive.
Methodology: OLS regression of MGMA returns vs. GLD returns over 252 trading days. Source: Polygon.io price data. Updated daily.
Ownership from tracked investor filings and public statements. Insider buying from Canadian SEDI insider filings.