Mines Management (NYSEMKT:MGN) Stock Crosses Above 50 Day Moving Average – Here’s Why

Mines Management Inc (NYSEMKT:MGNGet Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.83 and traded as high as $2.06. Mines Management shares last traded at $2.06, with a volume of 1,352 shares changing hands.

Mines Management Price Performance

The stock has a market capitalization of $31.69 million and a P/E ratio of -23.75. The stock’s fifty day moving average is $1.83 and its 200-day moving average is $1.78.

Mines Management Company Profile

(Get Free Report)

Mines Management, Inc is a mineral exploration and development company focused on the identification and evaluation of precious metal deposits in the western United States. The firm specializes in advancing projects through systematic exploration programs, technical studies and permitting efforts, with an emphasis on gold and silver mineralization.

The company’s flagship asset is the Banner Gold Project in Mohave County, Arizona. This property comprises historical open-pit workings and an existing heap-leach facility, supported by ongoing drilling programs aimed at expanding and upgrading the resource base under NI 43-101 guidelines.

Headquartered in Reno, Nevada, Mines Management maintains a lean corporate structure designed to prioritize its core exploration initiatives while assessing new opportunities.

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