McEwen Mining (TSE:MUX) Stock Price Breaks Below Fifty Day Moving Average – Should You Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) shares passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$26.64 and traded as low as C$25.35. McEwen Mining shares last traded at C$25.52, with a volume of 63,939 shares trading hands.

McEwen Mining Trading Down 1.4%

The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of 20.06 and a beta of 2.37. 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 company’s 50 day simple moving average is C$26.66 and its two-hundred day simple moving average is C$28.06.

McEwen Mining Company Profile

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.