Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price reached a new 52-week low on Thursday. The company traded as low as C$0.37 and last traded at C$0.37, with a volume of 1,230,488 shares trading hands. The stock had previously closed at C$0.41.
Midnight Sun Mining Price Performance
The stock has a fifty day moving average of C$0.59 and a two-hundred day moving average of C$0.79. The stock has a market cap of C$80.50 million, a price-to-earnings ratio of -2.47 and a beta of 3.09. The company has a quick ratio of 3.91, a current ratio of 11.09 and a debt-to-equity ratio of 0.67.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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