McEwen Mining (TSE:MUX) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.81 and traded as high as C$12.25. McEwen Mining shares last traded at C$11.94, with a volume of 19,255 shares traded.

McEwen Mining Price Performance

The firm has a market capitalization of C$632.70 million, a PE ratio of 4.70 and a beta of 1.45. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00. The business’s 50 day moving average is C$11.81 and its two-hundred day moving average is C$12.51.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.10). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. During the same quarter in the previous year, the firm posted ($0.52) EPS. As a group, research analysts anticipate that McEwen Mining Inc will post 0.0677185 EPS for the current 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.