McEwen Mining (TSE:MUX) Stock Price Passes Above 50 Day Moving Average – Here’s Why

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.15 and traded as high as C$11.49. McEwen Mining shares last traded at C$11.25, with a volume of 99,183 shares trading hands.

McEwen Mining Stock Up 1.2 %

The company has a debt-to-equity ratio of 8.46, a quick ratio of 1.00 and a current ratio of 1.17. The company has a market cap of C$451.33 million, a PE ratio of 4.30 and a beta of 1.45. The firm has a fifty day simple moving average of C$11.14 and a 200 day simple moving average of C$12.02.

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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