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

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 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.

McEwen Mining Stock Down 5.0 %

The company has a market cap of C$608.33 million, a P/E ratio of 4.52 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. The stock has a fifty day moving average price of C$11.88 and a two-hundred day moving average price of C$12.56.

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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