McEwen Mining (TSE:MUX) Shares Down 19.3% – Time to Sell?

McEwen Mining Inc (TSE:MUX – Get Free Report) (NYSE:MUX)’s stock price traded down 19.3% during mid-day trading on Tuesday. The stock traded as low as C$18.33 and last traded at C$18.44. Approximately 368,184 shares traded hands during trading, an increase of 493% from the average session volume of 62,123 shares. The stock had previously closed at C$22.84.

McEwen Mining Price Performance

The stock has a market capitalization of C$1.14 billion, a P/E ratio of 14.78 and a beta of 2.41. The company has a debt-to-equity ratio of 19.02, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a 50-day simple moving average of C$24.42 and a 200 day simple moving average of C$28.51.

McEwen Mining Company Profile

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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. 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.

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