McEwen Mining (TSE:MUX) Stock Passes Above 50-Day Moving Average – Time to Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$30.29 and traded as high as C$36.84. McEwen Mining shares last traded at C$33.75, with a volume of 113,731 shares changing hands.

McEwen Mining Price Performance

The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of -152.43 and a beta of 1.81. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 8.46. The company’s 50-day moving average price is C$30.47 and its 200-day moving average price is C$24.60.

McEwen Mining (TSE:MUX) (NYSE:MUX) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$70.36 million during the quarter. McEwen Mining had a net margin of 51.59% and a return on equity of 20.89%. On average, equities research analysts forecast 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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.