McEwen Mining (TSE:MUX) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• McEwen Mining's share price has recently surpassed its fifty-day moving average of C$17.35, trading as high as C$24.76.
• The company has a market capitalization of C$1.31 billion and a debt-to-equity ratio of 8.46, indicating a heavily leveraged position.
• McEwen Mining is engaged in the exploration and production of gold and silver, with significant projects located in Mexico and Canada.

Shares of McEwen Mining Inc (TSE:MUX - NYSE: MUX passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.35 and traded as high as C$24.76. McEwen Mining shares last traded at C$24.23, with a volume of 100,664 shares trading hands.

McEwen Mining Trading Up 5.9%

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 has a market cap of C$1.31 billion, a price-to-earnings ratio of -96.92 and a beta of 1.19. The business has a 50 day moving average price of C$17.35 and a 200-day moving average price of C$13.85.

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.

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