Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price dropped 13.1% during trading on Saturday . The company traded as low as C$1.26 and last traded at C$1.29. Approximately 2,474,373 shares changed hands during 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 Trading Down 13.1%
The firm has a market capitalization of C$232.77 million, a PE ratio of -43.00 and a beta of 1.49. The stock’s 50-day moving average price is C$1.01 and its 200 day moving average price is C$0.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.
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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