McEwen Mining (TSE:MUX) Hits New 12-Month High – Still a Buy?

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$24.76 and last traded at C$24.42, with a volume of 78458 shares traded. The stock had previously closed at C$22.87.

McEwen Mining Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 8.46. The firm has a market cap of C$1.31 billion, a P/E ratio of -96.92 and a beta of 1.19. The business has a fifty day moving average of C$17.35 and a 200 day moving average of C$13.86.

About McEwen Mining

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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.

Further Reading

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