Midnight Sun Mining (CVE:MMA) Shares Down 13.1% – Should You Sell?

Midnight Sun Mining Corp. (CVE:MMA) shares fell 13.1% during trading on Saturday . The stock 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 Down 13.1%

The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. The firm has a fifty day moving average price of C$1.01 and a 200 day moving average price of C$0.73. The firm has a market capitalization of C$232.77 million, a price-to-earnings ratio of -43.00 and a beta of 1.49.

Midnight Sun Mining Company Profile

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.