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McEwen Mining (TSE:MUX) Shares Cross Above 50 Day Moving Average - Time to Sell?

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McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX's stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.15 and traded as high as C$11.49. McEwen Mining shares last traded at C$11.25, with a volume of 99,183 shares changing hands.

McEwen Mining Stock Performance

The firm's 50 day moving average price is C$11.12 and its 200-day moving average price is C$12.01. The company has a debt-to-equity ratio of 8.46, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market capitalization of C$414.67 million, a PE ratio of 3.95 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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