Newcrest Mining (OTCMKTS:NCMGY) Shares Pass Below 50-Day Moving Average – Here’s Why

Newcrest Mining Limited (OTCMKTS:NCMGY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.59 and traded as low as $15.38. Newcrest Mining shares last traded at $15.59, with a volume of 1,225,600 shares.

Newcrest Mining Stock Up 2.8%

The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $15.59 and a 200-day simple moving average of $15.59.

Newcrest Mining Company Profile

Newcrest Mining (OTCMKTS:NCMGY) is an Australia-based gold mining company engaged in the exploration, development and production of gold and gold-copper concentrates. The company’s core operations encompass both large-scale open-pit and underground mines, and it holds interests in a diversified portfolio of mineral assets. Newcrest’s primary products include gold doré and gold-silver-copper concentrate, which are supplied to refiners and smelting facilities around the world.

Headquartered in Melbourne, Newcrest operates major mining projects across several geographies, including Australia, Papua New Guinea, Indonesia and Canada.