Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) dropped 19% during trading on Tuesday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 342,697 shares changed hands during trading, an increase of 104% from the average daily volume of 167,936 shares. The stock had previously closed at C$0.40.
Midnight Sun Mining Trading Down 7.0 %
The firm has a market cap of C$54.64 million, a PE ratio of -35.50 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The company’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.34.
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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