What 20-Day Moving Average Analysis say about McEwen Mining Inc. (NYSE:MUX)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of McEwen Mining Inc. (NYSE:MUX) for the period of 9-Day stands at 29.63% while the stochastic %D for the same period stands at 44.59%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of McEwen Mining Inc. (NYSE:MUX) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for McEwen Mining Inc. (NYSE:MUX) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently McEwen Mining Inc. (NYSE:MUX)’s 20-Day Bollinger Band indicates “Hold”.

About Company

U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States.

Previous Day Activity Analysis

On the last trading day, McEwen Mining Inc. (NYSE:MUX) opened the session at $1.97 and after going down -2.05% closed at $1.91. The stock lost -0.06 points in the last trade.

McEwen Mining Inc. (NYSE:MUX)’s stock fluctuated in the range of $1.91 and $1.97 during the previous active session. McEwen Mining Inc. (NYSE:MUX) traded with the volume of 1.34 Million with average volume of 3.18 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at -1.45 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.08 and 33.34 respectively.

Currently the Insider Ownership of the shares of McEwen Mining Inc. (NYSE:MUX) is at 0.2% and the shares outstanding are 331.28 Million.

Important Ratio Analysis

Some important ratios to consider here for McEwen Mining Inc. (NYSE:MUX) are discussed below:

Dividend yield of McEwen Mining Inc. (NYSE:MUX) stands at 0.52% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 25.47.

The Price to Sale P/S and Price to Book P/B shows the value of 11.61 and 1.17 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 8.09 and 0 correspondingly.

The Quick Ratio of McEwen Mining Inc. (NYSE:MUX) stands at 3.4 while the Current Ratio depicts the value of 4.2.

Return on Assets ROA of McEwen Mining Inc. (NYSE:MUX) is at -3.3% whereas, Return on Equity ROE and Return of Investment ROI of McEwen Mining Inc. (NYSE:MUX) stand at -3.7% and 4.1% respectively.

Stock Performance Analysis

The stock performance of McEwen Mining Inc. (NYSE:MUX) on the basis of 5 day trade show the dip of -1.55% whereas, the monthly performance of the stock shows decrease of -9.48%.

The quarterly performance of the stock remained in red zone with the value of -15.86% while six month performance of the shares of McEwen Mining Inc. (NYSE:MUX) remained bearish with the count of -35.47%.

The yearly and YTD performance of McEwen Mining Inc. (NYSE:MUX) remained down at -28.46% and -34.36% respectively.