McEwen Mining (TSE:MUX) Reaches New 1-Year Low – What’s Next?

McEwen Mining Inc (TSE:MUX – Get Free Report) (NYSE:MUX) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$19.68 and last traded at C$19.70, with a volume of 25,413 shares changing hands. The stock had previously closed at C$21.15.

McEwen Mining Stock Performance

The stock’s 50-day moving average price is C$25.59 and its 200 day moving average price is C$28.90. The firm has a market cap of C$1.17 billion, a P/E ratio of 15.14 and a beta of 2.22. The company has a debt-to-equity ratio of 19.02, a current ratio of 2.04 and a quick ratio of 1.00.

McEwen Mining Company Profile

(Get Free Report)

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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