Minco Silver (TSE:MSV) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Minco Silver Co. (TSE:MSV)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$0.58 and traded as low as C$0.51. Minco Silver shares last traded at C$0.57, with a volume of 18,112 shares changing hands.

Minco Silver Trading Up 1.7%

The company has a current ratio of 66.16, a quick ratio of 10.51 and a debt-to-equity ratio of 1.92. The stock has a market cap of C$36.36 million, a P/E ratio of 11.80 and a beta of -0.99. The firm’s 50-day simple moving average is C$0.75 and its 200 day simple moving average is C$0.58.

Minco Silver (TSE:MSV) last released its quarterly earnings results on Wednesday, August 12th. The mining company reported C($0.02) earnings per share for the quarter. As a group, equities research analysts anticipate that Minco Silver Co. will post 0.04 earnings per share for the current year.

Minco Silver Company Profile

Minco Silver Corporation (TSX: MSV; OTCQX: MISVF; WKN: A0ESX5) is a Canadian public company focused on the exploration and development of high-potential mineral resource projects. The Company’s flagship assets include the Fuwan Silver Project and the Changkeng Gold Project, both located approximately 45 kilometres southwest of Guangzhou City, China. Minco Silver continues to evaluate and pursue new acquisition opportunities to enhance long-term shareholder value.