McEwen Mining (TSE:MUX) Shares Pass Below 200-Day Moving Average – Should You Sell?

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

McEwen Mining Stock Performance

The firm has a 50 day moving average of C$12.78 and a 200-day moving average of C$12.87. The company has a market cap of C$598.79 million, a P/E ratio of 4.45 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 8.53.

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.

Further Reading

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