MUX Shelf Filing: 'intentions to sell up to $200 m McEwen Mining (MUX) Volatility Elevated Following $200M Mixed Shelf Filing; Shares Get Above 50-Day SMA
June 19, 2012 3:27 PM EDT
McEwen Mining (NYSE: MUX) shares have been volatile all day Tuesday following a late-Monday filing with the U.S. SEC disclosing intentions to sell up to $200 million in mixed securities.
Implied volatility is up 25.7 percent from Monday's close and at 73 percent of its trailing annual average.
Shares are 5.8 percent better for the session, though volume is slightly lighter than average. A win today would be the sixth-straight for the miner.
Also of note, McEwen crossed above its 50-day SMA on Monday and the metric is now calculated at $3.03.
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https://www.streetinsider.com/Insiders+Blog/McEwen+Mining+%28MUX%29+Volatility+Elevated+Following+%24200M+Mixed+Shelf+Filing%3B+Shares+Get+Above+50-Day+SMA/7528068.html