Shares of Midnight Sun Mining Corp. (CVE:MMA – Get 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
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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