Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price rose 14.3% on Tuesday . The company traded as high as C$0.33 and last traded at C$0.32. Approximately 157,190 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 171,616 shares. The stock had previously closed at C$0.28.
Midnight Sun Mining Price Performance
The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The firm has a market cap of C$52.98 million, a price-to-earnings ratio of -28.00 and a beta of 0.93. The stock has a 50-day moving average of C$0.42 and a two-hundred day moving average of 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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