McEwen Mining (TSE:MUX) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$30.42 and traded as low as C$22.93. McEwen Mining shares last traded at C$23.56, with a volume of 30,298 shares trading hands.

McEwen Mining Stock Down 1.9%

The firm’s 50 day moving average is C$26.31 and its two-hundred day moving average is C$30.39. The firm has a market cap of C$1.45 billion, a P/E ratio of 20.57 and a beta of 2.35. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 19.65.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. The firm had revenue of C$102.95 million during the quarter. As a group, research analysts anticipate that McEwen Mining Inc will post 0.0677185 EPS for the current fiscal year.

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. 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.