McEwen Mining (TSE:MUX) Share Price Passes Below Fifty Day Moving Average – Here’s Why

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.11 and traded as low as C$12.00. McEwen Mining shares last traded at C$12.05, with a volume of 29,995 shares.

McEwen Mining Stock Performance

The firm has a fifty day moving average price of C$13.11 and a 200 day moving average price of C$13.40. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53. The firm has a market cap of C$638.53 million, a PE ratio of 4.74 and a beta of 1.45.

McEwen Mining Company Profile

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McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.

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