McEwen Mining (NYSE:MUX) has climbed 12.54% in the past week and advanced 28.68% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 13.89% and the outperformance has advanced to 27.51% for the last 4 weeks period.
McEwen Mining (NYSE:MUX): The stock opened at $3.42 on Friday but the bulls could not build on the opening and the stock topped out at $3.48 for the day. The stock traded down to $3.16 during the day, due to lack of any buying support eventually closed down at $3.32 with a loss of -1.19% for the day. The stock had closed at $3.36 on the previous day. The total traded volume was 38,406,505 shares.
The company shares have rallied 242.27% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $3.77 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $2.61 and the 200 Day Moving Average price is recorded at $1.84.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Mcewen Mining Inc., Ashby Michele L had purchased shares worth of $10,600 in a transaction dated on December 31, 2015. A total of 10,000 shares were purchased at a price of $1.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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%.
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.