Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) fell 13.1% on Saturday . The company traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares traded hands during mid-day trading, an increase of 703% from the average session volume of 308,332 shares. The stock had previously closed at C$1.49.
Midnight Sun Mining Stock Performance
The stock has a market capitalization of C$232.77 million, a price-to-earnings ratio of -43.00 and a beta of 1.49. The company has a 50 day simple moving average of C$1.01 and a 200-day simple moving average of C$0.73. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.
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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