The 15-minute chart for McEwen has triggered a MACD Death Cross and a Bearish Marubozu at 09/12/2025 14:30, indicating that the stock price is likely to experience further decline, as sellers are dominating the market and bearish momentum is anticipated to persist.
McEwen Inc. (NYSE: MUX), a leading silver mining company, has recently reported a robust Q2 2025 performance, reversing a $13.0 million loss in the previous quarter to post a net income of $3.0 million. Gross profit climbed to $12.3 million on a 26% margin, while adjusted EBITDA increased from $7.2 million to $17.3 million. Revenue reached $46.7 million, driven by 14,549 GEOs, with an average realized gold price of $3,298 per GEO. Cash and equivalents climbed to $53.6 million, with working capital at $61.8 million, up from -$6.5 million at the end of 2024
McEwen (MUX) Reports Q2 2025 Results[1].
However, the 15-minute chart for McEwen has triggered a MACD Death Cross and a Bearish Marubozu at 09/12/2025 14:30, indicating that the stock price is likely to experience further decline. This suggests that sellers are dominating the market and bearish momentum is anticipated to persist. The MACD Death Cross is a technical indicator that signals a potential reversal of the current trend, while the Bearish Marubozu candlestick pattern indicates strong selling pressure .
Despite these bearish signals, McEwen Inc. continues to show strong fundamentals. The company's subsidiary, McEwen Copper, spent $7.0 million on the Los Azules Feasibility Study and $5.4 million on exploration across various sites. The full-year guidance supports the firm's objective to increase gold and silver production by 2030, targeting 120,000-140,000 GEOs. Continued high safety standards, as evidenced by the absence of lost-time events, also bode well for the company's operational efficiency
McEwen (MUX) Reports Q2 2025 Results[1].
Investors should closely monitor the technical indicators and the company's operational performance to make informed decisions. While McEwen Inc. has shown resilience and growth, the recent bearish signals on the 15-minute chart warrant caution.
Comments
No comments yet