McEwen Mining Inc. (MUX) is on the roll with an average volume of 2.65M in the recent 3 months – Invest Chronicle

McEwen Mining Inc. (MUX) is on the roll with an average volume of 2.65M in the recent 3 months

Let’s start up with the current stock price of McEwen Mining Inc. (MUX), which is $1.05 to be very precise. The Stock rose vividly during the last session to $1.09 after opening rate of $1.07 while the lowest price it went was recorded $1.04 before closing at $1.06.Recently in News on November 24, 2021, Certarus Enters Agreement with McEwen Mining to Provide a Cleaner Energy Solution for Mine Air Heating. Certarus Ltd. (“Certarus” or the “Corporation”) has entered into a long-term agreement with McEwen Mining Inc (NYSE: MUX) (TSX: MUX) to convert and supply the Fox Complex in Matheson, Ontario with compressed natural gas (CNG) for mine air heating in the underground ventilation system. CNG will be used to replace propane as the primary fuel for heating at both the Froome and Black Fox Mines. You can read further details here

McEwen Mining Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.7100 on 06/16/21, with the lowest value was $0.9000 for the same time period, recorded on 01/27/21.


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McEwen Mining Inc. (MUX) full year performance was 10.94%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, McEwen Mining Inc. shares are logging -38.48% during the 52-week period from high price, and 16.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.90 and $1.71.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1267545 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the McEwen Mining Inc. (MUX) recorded performance in the market was 7.61%, having the revenues showcasing -3.64% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 504.46M, as it employees total of 377 workers.

McEwen Mining Inc. (MUX) in the eye of market guru’s

During the last month, 2 analysts gave the McEwen Mining Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1309, with a change in the price was noted -0.30. In a similar fashion, McEwen Mining Inc. posted a movement of -22.33% for the period of last 100 days, recording 2,846,391 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MUX is recording 0.12 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.11.

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McEwen Mining Inc. (MUX): Stocks Technical analysis and Trends

Raw Stochastic average of McEwen Mining Inc. in the period of last 50 days is set at 18.38%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 6.14%. In the last 20 days, the company’s Stochastic %K was 11.75% and its Stochastic %D was recorded 20.35%.

If we look into the earlier routines of McEwen Mining Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 7.61%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -24.82%, alongside a boost of 10.94% for the period of the last 12 months. The shares increased approximately by -8.62% in the 7-day charts and went up by -9.40% in the period of the last 30 days. Common stock shares were lifted by -3.64% during last recorded quarter.

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