McEwen Mining (TSE:MUX) Share Price Crosses Below Two Hundred Day Moving Average of $1.52

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.52 and traded as low as C$1.33. McEwen Mining shares last traded at C$1.37, with a volume of 90,253 shares trading hands.

The business has a 50 day moving average price of C$1.39 and a 200-day moving average price of C$1.52. The company has a debt-to-equity ratio of 14.00, a quick ratio of 1.02 and a current ratio of 1.67. The company has a market capitalization of C$665.82 million and a price-to-earnings ratio of -9.35.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings results on Wednesday, August 4th. The company reported C($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.01). The firm had revenue of C$50.01 million for the quarter, compared to analyst estimates of C$50.29 million. As a group, equities analysts predict that McEwen Mining Inc will post 0.14 EPS for the current fiscal year.

About McEwen Mining (TSE:MUX)

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.

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