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McEwen Mining (TSE:MUX) Stock Passes Below 50 Day Moving Average - Here's What Happened

McEwen Mining logo with Basic Materials background

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX's share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.88 and traded as low as C$11.44. McEwen Mining shares last traded at C$11.48, with a volume of 23,744 shares traded.

McEwen Mining Stock Up 4.3 %

The stock has a fifty day moving average price of C$11.86 and a 200 day moving average price of C$12.55. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00. The stock has a market capitalization of C$634.29 million, a P/E ratio of 4.71 and a beta of 1.45.

About McEwen Mining

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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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