Minco Silver (TSE:MSV) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Shares of Minco Silver Co. (TSE:MSV) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$0.57 and traded as high as C$0.63. Minco Silver shares last traded at C$0.59, with a volume of 101,403 shares.

Minco Silver Stock Down 13.6%

The firm has a fifty day simple moving average of C$0.58 and a 200-day simple moving average of C$0.57. The company has a market capitalization of C$31.43 million, a P/E ratio of 10.20 and a beta of -1.17. The company has a quick ratio of 10.51, a current ratio of 66.16 and a debt-to-equity ratio of 1.92.

Minco Silver (TSE:MSV) last released its quarterly earnings results on Wednesday, August 12th. The mining company reported C($0.02) earnings per share for the quarter. On average, equities research analysts expect that Minco Silver Co. will post 0.04 EPS for the current fiscal year.

About Minco Silver

Minco Silver Corporation (TSX: MSV; OTCQX: MISVF; WKN: A0ESX5) is a Canadian public company focused on the exploration and development of high-potential mineral resource projects. The Company’s flagship assets include the Fuwan Silver Project and the Changkeng Gold Project, both located approximately 45 kilometres southwest of Guangzhou City, China. Minco Silver continues to evaluate and pursue new acquisition opportunities to enhance long-term shareholder value.