Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price dropped 15.7% during mid-day trading on Thursday . The stock traded as low as C$1.45 and last traded at C$1.56. Approximately 1,897,543 shares were traded during trading, an increase of 542% from the average daily volume of 295,360 shares. The stock had previously closed at C$1.85.
Midnight Sun Mining Trading Down 15.7%
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 company’s fifty day moving average is C$0.98 and its 200-day moving average is C$0.72. The stock has a market cap of C$281.49 million, a PE ratio of -52.00 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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