Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price fell 11.3% during trading on Friday . The stock traded as low as C$0.36 and last traded at C$0.36. 360,880 shares changed hands during trading, an increase of 124% from the average session volume of 160,749 shares. The stock had previously closed at C$0.40.
Midnight Sun Mining Stock Down 21.1 %
The company has a current ratio of 0.22, a quick ratio of 3.91 and a debt-to-equity ratio of 4.29. The firm has a market cap of C$58.94 million, a P/E ratio of -43.00 and a beta of 0.94. The stock’s fifty day moving average is C$0.45 and its two-hundred day moving average 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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