Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded down 13.1% on Saturday . The stock traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares changed 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 Price Performance
The company’s fifty day moving average is C$1.01 and its two-hundred day moving average is 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. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.
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.
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