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McEwen Mining Inc: Rising -21.90% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, McEwen Mining Inc had a somewhat regular. The highest value for the stock in the past year was $10.00 on 04/13/23, while the lowest value was $5.92 on 02/28/24.

52-week price history of MUX Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. McEwen Mining Inc’s current trading price is -21.90% away from its 52-week high, while its distance from the 52-week low is 31.93%. The stock’s price range for this period has remained between $5.92 and $10.00. The Basic Materials sector company’s shares managed to surpass a trading volume of around 1.58 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.45 million over the last three months.

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Financial Performance and Market Capitalization

McEwen Mining Inc (MUX) has experienced a quarterly rise of 1.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 370.90M and boasts a workforce of 520 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.04, with a change in price of +1.25. Similarly, McEwen Mining Inc recorded 486,484 in trading volume during the last 100 days, posting a change of +19.05%.

MUX Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MUX stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.08.

MUX Stock Stochastic Average

As of today, the raw stochastic average of McEwen Mining Inc over the past 50 days is 91.75%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 99.47%. Additionally, the Stochastic %K and %D values for the company were 58.87% and 31.05%, respectively, over the past 20 days.

MUX Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 8.32% this year. Over the last six months, there has been a stronger performance of -3.46%. The price of MUX fallen by 11.73% during the last 30 days period. For the last 5-days stocks have improved 25.16%.

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