Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price was down 9.1% during trading on Tuesday . The company traded as low as C$0.66 and last traded at C$0.70. Approximately 153,095 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 308,743 shares. The stock had previously closed at C$0.77.
Midnight Sun Mining Stock Performance
The firm has a market cap of C$125.47 million, a price-to-earnings ratio of -49.02 and a beta of 0.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91. The firm has a fifty day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.47.
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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