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

Key Points

• McEwen Mining Inc shares reached a new 52-week high at C$28.59, closing at C$26.55 with a trading volume of 133,996 shares.
• The company has a market cap of C$1.45 billion and operates with a P/E ratio of -107.00, indicating it is not currently profitable.
• McEwen Mining is involved in exploration, development, production, and sale of gold, silver, and copper, owning multiple projects in Mexico and Canada.

Shares of McEwen Mining Inc (TSE:MUX - NYSE: MUX hit a new 52-week high during trading on Thursday . The stock traded as high as C$28.59 and last traded at C$26.55, with a volume of 133996 shares traded. The stock had previously closed at C$26.21.

McEwen Mining Trading Up 2.1%

The firm has a market cap of C$1.45 billion, a P/E ratio of -107.00 and a beta of 1.73. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 8.46. The firm's 50-day simple moving average is C$18.26 and its 200 day simple moving average is C$14.25.

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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