McEwen Mining (TSE:MUX) Stock Price Down 19.3% – Here’s What Happened

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price traded down 19.3% during trading on Tuesday. The company traded as low as C$18.33 and last traded at C$18.44. Approximately 368,184 shares traded hands during trading, an increase of 493% from the average session volume of 62,123 shares. The stock had previously closed at C$22.84.

McEwen Mining Stock Down 5.1%

The firm has a market capitalization of C$1.06 billion, a PE ratio of 22.61 and a beta of 2.41. The company has a debt-to-equity ratio of 19.17, a current ratio of 1.34 and a quick ratio of 1.00. The company has a 50-day moving average price of C$24.07 and a 200 day moving average price of C$28.34.

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.