Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) was down 13.1% on Saturday . The company traded as low as C$1.26 and last traded at C$1.29. Approximately 2,474,373 shares traded hands during mid-day trading, an increase of 703% from the average daily 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 current ratio of 45.60 and a quick ratio of 3.91. The company has a market capitalization of C$232.77 million, a price-to-earnings ratio of -43.00 and a beta of 1.49. The firm has a 50-day moving average price of C$1.01 and a two-hundred day moving average price of C$0.73.
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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