McEwen Mining (TSE:MUX) Reaches New 12-Month High - What's Next?

Key Points

• McEwen Mining reached a new 52-week high of C$24.76 during trading, closing at C$24.42, reflecting a 5.9% increase in stock price.
• The company has significant financial metrics, including a debt-to-equity ratio of 8.46 and a market capitalization of C$1.31 billion.
• McEwen Mining specializes in the exploration, development, production, and sale of gold, silver, and copper, with projects in both Mexico and Canada.

McEwen Mining Inc (TSE:MUX - NYSE: MUX reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$24.76 and last traded at C$24.42, with a volume of 78458 shares traded. The stock had previously closed at C$22.87.

McEwen Mining Stock Up 5.9%

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 capitalization of C$1.31 billion, a price-to-earnings ratio of -96.92 and a beta of 1.19. The firm's 50-day simple moving average is C$17.35 and its 200-day simple moving average is C$13.85.

About McEwen Mining

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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