The market performance of McEwen Mining Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $12.50 on 04/26/24, with the lowest value for the same timeframe being $5.92, recorded 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 -22.04% away from its 52-week high, while its distance from the 52-week low is 64.61%. The stock’s price range for this period has remained between $5.92 and $12.50. The Basic Materials sector company’s shares managed to surpass a trading volume of around 0.38 million for the day, which was noticeably lower compared to the shares’ average daily volume of 0.85 million over the last three months.
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Financial Performance and Market Capitalization
McEwen Mining Inc (MUX) has experienced a quarterly decline of -12.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 496.12M and boasts a workforce of 575 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.78, with a change in price of +2.86. Similarly, McEwen Mining Inc recorded 818,309 in trading volume during the last 100 days, posting a change of +41.69%.
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 0.09. 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 last 50 days is at 23.42%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 32.32%. Further, the company’s Stochastic %K and %D values for the last 20 days were 13.56% and 6.41%, respectively.
MUX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 35.16%. However, over the last six months, the performance has been weaker by 37.84%. The price of MUX decreased -18.32% over the last 30 days. And in the last five days, it has surged by 5.24%.
