Midnight Sun Mining (CVE:MMA) Trading Down 6.1% – Time to Sell?

Shares of Midnight Sun Mining Corp. (CVE:MMAGet Free Report) were down 6.1% on Tuesday . The stock traded as low as C$0.43 and last traded at C$0.46. Approximately 409,285 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 182,898 shares. The stock had previously closed at C$0.49.

Midnight Sun Mining Stock Down 6.1 %

The firm has a market capitalization of C$76.16 million, a price-to-earnings ratio of -46.00 and a beta of 0.93. The business’s fifty day moving average price is C$0.37 and its 200 day moving average price is C$0.38. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.

Midnight Sun Mining Company Profile

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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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