Could McEwen Mining Inc Change Direction After Today’s Huge Increase?

 Could McEwen Mining Inc Change Direction After Today's Huge Increase?

The stock of McEwen Mining Inc (TSE:MUX) is a huge mover today! About 146,735 shares traded hands or 16.74% up from the average. McEwen Mining Inc (TSE:MUX) has risen 90.40% since April 1, 2016 and is uptrending. It has outperformed by 88.44% the S&P500.
The move comes after 7 months positive chart setup for the $1.42B company. It was reported on Nov, 8 by Barchart.com. We have $6.35 PT which if reached, will make TSE:MUX worth $482.80 million more.

McEwen Mining Inc. is a mining and minerals exploration company. The company has a market cap of $1.42 billion. The Firm is focused on precious and base metals in Argentina, Mexico and the United States. It has a 89.43 P/E ratio. The Company’s divisions include Mexico, Argentina and the United States.

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