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

Minco Silver Co. (TSE:MSV)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.19 and traded as low as C$0.18. Minco Silver shares last traded at C$0.19, with a volume of 44,500 shares traded.

Minco Silver Stock Performance

The firm has a market capitalization of C$11.60 million, a price-to-earnings ratio of -2.64 and a beta of 0.15. The firm’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.19. The company has a debt-to-equity ratio of 1.78, a quick ratio of 10.51 and a current ratio of 22.30.

Minco Silver (TSE:MSV) last released its quarterly earnings data on Tuesday, August 13th. The mining company reported C($0.06) earnings per share for the quarter. Sell-side analysts predict that Minco Silver Co. will post 0.04 earnings per share for the current year.

About Minco Silver

Minco Silver Corporation engages in the exploration, evaluation, and development of precious metal and other mineral properties and projects. The company explores for silver, gold, lead, and zinc deposits. It holds interests in the Fuwan silver project 3 exploration permits totaling 125.74 km2; and the Changkeng gold project covering an exploration area of 1.19 km2 located to the southwest of Guangzhou City, China.