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McEwen Mining (TSE:MUX) Stock Price Down 16.1% - Here's Why

McEwen Mining logo with Basic Materials background

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX shares fell 16.1% on Friday . The stock traded as low as C$10.40 and last traded at C$10.40. 161,448 shares traded hands during mid-day trading, an increase of 549% from the average session volume of 24,881 shares. The stock had previously closed at C$12.40.

McEwen Mining Trading Down 0.8 %

The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 8.53. The stock has a market capitalization of C$560.63 million, a P/E ratio of 4.17 and a beta of 1.45. The firm's 50 day simple moving average is C$11.80 and its two-hundred day simple moving average is C$12.34.

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.

Further Reading

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