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McEwen Mining (TSE:MUX) Shares Cross Below 200 Day Moving Average - Here's Why

McEwen Mining logo with Basic Materials background

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.87 and traded as low as C$11.30. McEwen Mining shares last traded at C$11.30, with a volume of 24,695 shares traded.

McEwen Mining Price Performance

The firm's 50-day simple moving average is C$12.74 and its 200 day simple moving average is C$12.86. The company has a debt-to-equity ratio of 8.53, a quick ratio of 1.00 and a current ratio of 1.68. The company has a market cap of C$598.79 million, a P/E ratio of 4.45 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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