Shares of Mines Management Inc (NYSEMKT:MGN – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.59 and traded as low as $1.51. Mines Management shares last traded at $1.54, with a volume of 6,791 shares traded.
Mines Management Price Performance
The company has a market capitalization of $26.98 million and a price-to-earnings ratio of -23.75. The stock has a 50 day simple moving average of $1.80 and a two-hundred day simple moving average of $1.59.
About Mines Management
Mines Management, Inc is a mineral exploration and development company focused on the identification and evaluation of precious metal deposits in the western United States. The firm specializes in advancing projects through systematic exploration programs, technical studies and permitting efforts, with an emphasis on gold and silver mineralization.
The company’s flagship asset is the Banner Gold Project in Mohave County, Arizona. This property comprises historical open-pit workings and an existing heap-leach facility, supported by ongoing drilling programs aimed at expanding and upgrading the resource base under NI 43-101 guidelines.
Headquartered in Reno, Nevada, Mines Management maintains a lean corporate structure designed to prioritize its core exploration initiatives while assessing new opportunities.
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