Newcrest Mining (OTCMKTS:NCMGY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Newcrest Mining Limited (OTCMKTS:NCMGY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.59 and traded as low as $15.38. Newcrest Mining shares last traded at $15.59, with a volume of 1,225,600 shares changing hands.

Newcrest Mining Stock Up 2.8%

The firm’s 50-day moving average is $15.59 and its 200 day moving average is $15.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.68.

About Newcrest Mining

Newcrest Mining (OTCMKTS:NCMGY) is an Australia-based gold mining company engaged in the exploration, development and production of gold and gold-copper concentrates. The company’s core operations encompass both large-scale open-pit and underground mines, and it holds interests in a diversified portfolio of mineral assets. Newcrest’s primary products include gold doré and gold-silver-copper concentrate, which are supplied to refiners and smelting facilities around the world.

Headquartered in Melbourne, Newcrest operates major mining projects across several geographies, including Australia, Papua New Guinea, Indonesia and Canada.