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Is McEwen Mining Inc (MUX) Stock About to Get Hot Wednesday?

Wednesday, August 03, 2022 03:13 PM | InvestorsObserver Analysts
Is McEwen Mining Inc (MUX) Stock About to Get Hot Wednesday?

The market has been high on McEwen Mining Inc (MUX) stock recently. MUX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
McEwen Mining Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MUX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MUX Stock Today?

McEwen Mining Inc (MUX) stock has fallen -8.75% while the S&P 500 has gained 1.64% as of 3:11 PM on Wednesday, Aug 3. MUX is down -$0.33 from the previous closing price of $3.77 on volume of 320,719 shares. Over the past year the S&P 500 is down -5.22% while MUX is down -70.85%. MUX lost -$1.38 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for McEwen Mining Inc click here.

More About McEwen Mining Inc

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver, each comprising roughly half of total sales. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and majority of silver production, is produced by the San Jose mine. Click Here to get the full Stock Report for McEwen Mining Inc stock.

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