McEwen Mining (TSE:MUX) Stock Price Down 1.4% – Time to Sell?

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX)’s stock price fell 1.4% during mid-day trading on Tuesday . The company traded as low as C$12.10 and last traded at C$12.14. 9,000 shares traded hands during trading, a decline of 74% from the average session volume of 34,209 shares. The stock had previously closed at C$12.31.

McEwen Mining Stock Performance

The firm’s fifty day moving average price is C$12.89 and its 200 day moving average price is C$13.03. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53. The firm has a market capitalization of C$643.30 million, a PE ratio of 4.78 and a beta of 1.45.

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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