Midnight Sun Mining (CVE:MMA) Reaches New 52-Week Low at $0.11

Midnight Sun Mining Corp. (CVE:MMAGet Rating) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 19900 shares changing hands. The stock had previously closed at C$0.12.

Midnight Sun Mining Stock Down 8.3 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 15.72 and a quick ratio of 15.29. The firm has a market cap of C$12.43 million and a price-to-earnings ratio of -6.47. The firm has a 50 day moving average price of C$0.14 and a 200-day moving average price of C$0.21.

About Midnight Sun Mining

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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, and gold deposits. It has 60% interest in the Solwezi licenses covering an area of approximately 506 square kilometers in the Zambian Copperbelt located in northwest of Lusaka, Zambia.

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