Large Outflow of Money Witnessed in McEwen Mining

McEwen Mining (NYSE:MUX) surged 4.98% during the last session. The last traded price was up 0.14 points at $2.95. The data for the fund flow suggests that the net intraday money flow was $(-0.81) million. The fund value in upticks was recorded to be $2.44 million and in downticks, it was found to be $3.25 million. The up/down ratio for the day was measured to be 0.75. For the week, the shares have seen a percentage change of 21.4%.A block trade of $(-0.57) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.1 million and that of downticks was $0.67 million. The block tradeoff had the up/down ratio of 0.15.


Currently the company Insiders own 26.6% of McEwen Mining shares according to the proxy statements. Institutional Investors own 20.68% of McEwen Mining shares. During last six month period, the net percent change held by insiders has seen a change of 0.26%. On the companys insider trading activities, Ashby Michele L, director of Mcewen Mining Inc., executed a transaction worth $10,600 on December 31, 2015. A total of 10,000 shares were purchased at an average price of $1.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

McEwen Mining (NYSE:MUX) : On Monday heightened volatility was witnessed in McEwen Mining (NYSE:MUX) which led to swings in the share price. The stock opened for trading at $3.1 and hit $3.27 on the upside , eventually ending the session at $3.19, with a gain of 8.14% or 0.24 points. The heightened volatility saw the trading volume jump to 7,790,208 shares. The 52-week high of the share price is $3.27 and the company has a market cap of $884 million. The 52-week low of the share price is at $0.65 .

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.

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