Minco Silver (TSE:MSV) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Minco Silver Co. (TSE:MSV – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$0.59 and traded as low as C$0.57. Minco Silver shares last traded at C$0.57, with a volume of 2,267 shares trading hands.

Minco Silver Trading Down 8.1%

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 50 day simple moving average of C$0.67 and a 200-day simple moving average of C$0.59. The firm has a market cap of C$35.13 million, a P/E ratio of 11.40 and a beta of -1.09.

Minco Silver (TSE:MSV – Get Free Report) last posted its earnings results on Wednesday, August 12th. The mining company reported C($0.02) EPS for the quarter. On average, equities research analysts expect that Minco Silver Co. will post 0.04 EPS for the current fiscal year.

Minco Silver Company Profile

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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.

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