McEwen Mining (TSE:MUX) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$31.29 and traded as high as C$36.05. McEwen Mining shares last traded at C$35.85, with a volume of 53,443 shares.

McEwen Mining Stock Up 2.8%

The stock has a market capitalization of C$2.12 billion, a PE ratio of -155.87 and a beta of 1.81. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 8.46. The company’s 50-day moving average is C$31.29 and its 200 day moving average is C$25.30.

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.