Minco Silver (TSE:MSV) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Minco Silver Co. (TSE:MSV – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.58 and traded as low as C$0.55. Minco Silver shares last traded at C$0.59, with a volume of 5,771 shares.

Minco Silver Stock Down 6.5%

The company has a fifty day simple moving average of C$0.73 and a 200-day simple moving average of C$0.58. The company has a quick ratio of 10.51, a current ratio of 66.16 and a debt-to-equity ratio of 1.92. The firm has a market cap of C$35.74 million, a P/E ratio of 11.60 and a beta of -0.99.

Minco Silver (TSE:MSV – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The mining company reported C($0.02) EPS for the quarter. On average, equities analysts anticipate that Minco Silver Co. will post 0.04 earnings per share for the current year.

About Minco Silver

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Minco Silver Corporation (TSX: MSV; OTCQX: MISVF; WKN: A0ESX5) is a Canadian public company focused on the exploration and development of high-potential mineral resource projects. The Company’s flagship assets include the Fuwan Silver Project and the Changkeng Gold Project, both located approximately 45 kilometres southwest of Guangzhou City, China. Minco Silver continues to evaluate and pursue new acquisition opportunities to enhance long-term shareholder value.

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