McEwen Mining (TSE:MUX) Stock Passes Above 50 Day Moving Average of $7.87

McEwen Mining Inc (TSE:MUXGet Rating) (NYSE:MUX)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$7.87 and traded as high as C$9.13. McEwen Mining shares last traded at C$9.05, with a volume of 46,120 shares changing hands.

McEwen Mining Trading Up 3.9 %

The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 16.61. The business has a fifty day simple moving average of C$7.87 and a 200 day simple moving average of C$5.25. The company has a market cap of C$429.22 million and a price-to-earnings ratio of -50.56.

McEwen Mining (TSE:MUXGet Rating) (NYSE:MUX) last announced its quarterly earnings results on Friday, November 4th. The company reported C($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.47) by C$0.20. The firm had revenue of C$33.91 million during the quarter, compared to analysts’ expectations of C$38.22 million. On average, equities analysts anticipate that McEwen Mining Inc will post 0.14 EPS for the current fiscal year.

About McEwen Mining

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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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