First Majestic (AG) Sheds 4% on Silver Drop, $350-Million Notes Issuance

We recently published 10 Stocks Losing Their Fire. First Majestic Silver Corp. (NYSE:AG) is one of the worst performers on Thursday. First Majestic declined by 4.27 percent on Thursday to close at $15.02 apiece as investor sentiment was dampened by plans to raise up to $350 million in fresh funds from the issuance of convertible notes, while also digesting the drop in spot prices of silver during the day. During intra-day trading, the company dropped by as much as 5.4 percent. As of writing, spot prices ...