McEwen Mining (TSE:MUX) Hits New 12-Month High - Here's Why

Key Points

• McEwen Mining Inc shares reached a new 52-week high, trading as high as C$20.19 before closing at C$19.97, representing a significant increase from the previous close of C$18.77.
• The company has a market capitalization of C$1.08 billion and a notable debt-to-equity ratio of 8.46, suggesting a high level of leverage.
• McEwen Mining primarily focuses on the exploration and production of gold and silver, with projects in Mexico and Canada including the El Gallo and Black Fox Mine.

McEwen Mining Inc (TSE:MUX - NYSE: MUX shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$20.19 and last traded at C$19.97, with a volume of 110642 shares. The stock had previously closed at C$18.77.

McEwen Mining Price Performance

The company's 50-day moving average is C$15.91 and its 200-day moving average is C$12.98. The company has a debt-to-equity ratio of 8.46, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of -80.16 and a beta of 1.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.