McEwen Mining (TSE:MUX) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.21 and traded as low as C$25.12. McEwen Mining shares last traded at C$25.61, with a volume of 83,104 shares changing hands.

McEwen Mining Trading Down 8.1%

The company has a debt-to-equity ratio of 19.65, a quick ratio of 1.00 and a current ratio of 1.14. The firm’s fifty day simple moving average is C$25.91 and its 200-day simple moving average is C$30.21. The stock has a market cap of C$1.53 billion, a P/E ratio of 21.70 and a beta of 2.30.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. The firm had revenue of C$102.95 million for the quarter. Equities research analysts expect that McEwen Mining Inc will post 0.0677185 EPS for the current fiscal year.

McEwen Mining Company Profile

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.