Notable Stock to Watch: McEwen Mining Inc. (NYSE: MUX)

McEwen Mining Inc. (NYSE: MUX) stock identified change of 45.53% away from 52-week low price and recently located move of -28.97% off 52-week high price. It has market worth of $633.36M and dividend yield of 0.56%. MUX stock has been recorded 21.62% away from 50 day moving average and 3.23% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.29% off 20-day moving average.

McEwen Mining Inc. (NYSE: MUX) reported that the formal investigation into the previously announced death of a contractor’s employee at the Gold Bar Mine on May 13th, 2019 is complete.

The Mine Safety and Health Administration (MSHA) is the regulatory body of the United States Department of Labor that leads this type of investigation into accidents at mine properties. Based on all of the evidence they obtained from their thorough investigation, including an autopsy report, MSHA has determined that the death was from natural causes, and therefore, it was not mining related.

McEwen Mining wishes to extend our deepest sympathies to everyone impacted by this unfortunate event.

McEwen Mining is a diversified gold and silver producer with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. McEwen’s goal is to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas.

The Basic Materials sector company, McEwen Mining Inc. noticed change of 8.48% to $1.79 along volume of 3358196 shares in recent session compared to an average volume of 2334.15K. The stock observed return of -2.72% in 5 days trading activity. The stock was at 25.17% over one month performance. MUX’s shares are at 20.95% for the quarter and driving a -13.53% return over the course of the past year and is now at -1.65% since this point in 2018.

The average volatility for the week at 5.83% and for month was at 6.05%. There are 353.83M shares outstanding and 279.27M shares are floated in market. Right now the stock beta is -0.45.

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