McEwen Mining (TSE:MUX) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.81 and traded as high as C$11.88. McEwen Mining shares last traded at C$11.88, with a volume of 17,507 shares.

McEwen Mining Trading Up 4.5 %

The company has a fifty day simple moving average of C$11.81 and a two-hundred day simple moving average of C$12.43. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53. The company has a market cap of C$657.61 million, a PE ratio of 4.89 and a beta of 1.45.

McEwen Mining (TSE:MUX - Get Free Report) NYSE: MUX last announced its quarterly earnings data on Tuesday, November 5th. The company reported C($0.05) earnings per share for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.10). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. During the same quarter last year, the business earned ($0.52) earnings per share. Analysts anticipate that McEwen Mining Inc will post 0.0677185 EPS for the current year.

About McEwen Mining

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.