McEwen Mining (TSE:MUX) Stock Falls 19.3% – Time to Sell?

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

McEwen Mining Stock Down 18.5%

The company has a market cap of C$1.14 billion, a P/E ratio of 14.78 and a beta of 2.41. The company has a debt-to-equity ratio of 19.02, a current ratio of 2.04 and a quick ratio of 1.00. The business’s 50 day moving average price is C$24.42 and its 200-day moving average price is C$28.51.

About McEwen Mining

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.