Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.60 and last traded at C$0.61, with a volume of 269255 shares changing hands. The stock had previously closed at C$0.59.
Midnight Sun Mining Price Performance
The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93. The company’s 50 day moving average is C$0.47 and its 200-day moving average is C$0.43.
Midnight Sun Mining Company Profile
Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp.
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