Midnight Sun Mining (CVE:MMA) Trading Down 13.1% – Time to Sell?

Midnight Sun Mining Corp. (CVE:MMAGet Free Report)’s share price was 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. Approximately 2,474,373 shares traded hands during trading, an increase of 703% from the average daily volume of 308,332 shares. The stock had previously closed at C$1.49.

Midnight Sun Mining Stock Down 13.1%

The firm has a market cap of C$232.77 million, a P/E ratio of -43.00 and a beta of -0.08. The stock’s 50 day simple moving average is C$1.01 and its 200 day simple moving average is C$0.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.

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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