Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded down 13.1% during mid-day trading on Friday . The company traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares were traded during mid-day trading, an increase of 703% from the average session volume of 308,332 shares. The stock had previously closed at C$1.49.
Midnight Sun Mining Stock Down 13.1%
The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The stock’s 50-day moving average is C$1.01 and its 200-day moving average is C$0.73. The company has a market cap of C$232.77 million, a price-to-earnings ratio of -43.00 and a beta of -0.08.
About Midnight Sun Mining
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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