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

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.21 and traded as low as C$25.12. McEwen Mining shares last traded at C$25.61, with a volume of 83,104 shares trading hands.

McEwen Mining Stock Performance

The company has a market capitalization of C$1.53 billion, a P/E ratio of 21.70 and a beta of 2.30. The company has a debt-to-equity ratio of 19.65, a current ratio of 1.14 and a quick ratio of 1.00. The company has a fifty day moving average price of C$25.91 and a two-hundred day moving average price of C$30.21.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its earnings results on Wednesday, May 6th. The company reported C$0.65 EPS for the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. The business had revenue of C$102.95 million for the quarter. Equities analysts forecast that McEwen Mining Inc will post 0.0677185 earnings per share 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.