McEwen Mining (TSE:MUX) Shares Pass Below Fifty Day Moving Average - Should You Sell?


McEwen Mining (TSE:MUX) Shares Pass Below Fifty Day Moving Average   - Should You Sell?

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.88 and traded as low as C$11.44. McEwen Mining shares last traded at C$11.48, with a volume of 23,744 shares changing hands.

The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00. The firm's fifty day moving average price is C$11.88 and its two-hundred day moving average price is C$12.56. The stock has a market cap of C$608.33 million, a price-to-earnings ratio of 4.52 and a beta of 1.45.

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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