McEwen Mining (TSE:MUX) Stock Breaks Below 50-Day Moving Average – Here’s Why

McEwen Mining Inc (TSE:MUX – Get Free Report) (NYSE:MUX) shares crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$26.63 and traded as low as C$21.63. McEwen Mining shares last traded at C$22.22, with a volume of 114,173 shares.

McEwen Mining Stock Down 0.5%

The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 19.02. The firm’s fifty day simple moving average is C$26.58 and its 200-day simple moving average is C$27.75. The company has a market cap of C$1.41 billion, a PE ratio of 18.21 and a beta of 2.22.

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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.

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