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McEwen Mining (TSE:MUX) Shares Cross Below 50-Day Moving Average - Here's Why

McEwen Mining logo with Basic Materials background

Shares of McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.11 and traded as low as C$12.00. McEwen Mining shares last traded at C$12.05, with a volume of 29,995 shares traded.

McEwen Mining Stock Performance

The business has a 50 day moving average price of C$13.11 and a two-hundred day moving average price of C$13.40. The stock has a market cap of C$638.53 million, a PE ratio of 4.74 and a beta of 1.45. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00.

About McEwen Mining

(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.

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