McEwen Mining (TSE:MUX) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$30.29 and traded as high as C$36.84. McEwen Mining shares last traded at C$33.75, with a volume of 113,731 shares traded.

McEwen Mining Stock Performance

The firm’s fifty day moving average price is C$30.29 and its 200-day moving average price is C$24.46. The company has a market cap of C$2.00 billion, a P/E ratio of -146.74 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.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its earnings results on Wednesday, November 5th. The company reported C($0.01) earnings per share for the quarter. McEwen Mining had a return on equity of 20.89% and a net margin of 51.59%.The firm had revenue of C$70.36 million for the quarter. As a group, research analysts forecast that McEwen Mining Inc will post 0.0677185 EPS for the current fiscal year.

About McEwen Mining

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.