McEwen Mining (TSE:MUX) Reaches New 1-Year Low – What’s Next?

McEwen Mining Inc (TSE:MUX – Get Free Report) (NYSE:MUX) reached a new 52-week low during trading on Friday. The company traded as low as C$19.68 and last traded at C$19.70, with a volume of 25,413 shares traded. The stock had previously closed at C$21.15.

McEwen Mining Price Performance

The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 19.02. The firm has a market cap of C$1.17 billion, a P/E ratio of 15.14 and a beta of 2.22. The company has a fifty day moving average price of C$25.59 and a two-hundred day moving average price of C$28.90.

McEwen Mining Company Profile

(Get Free Report)

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.

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