Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares dropped 13.1% during mid-day trading on Saturday . The stock 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 Price Performance
The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of C$232.77 million, a P/E ratio of -43.00 and a beta of 1.49. The company has a 50 day moving average of C$1.01 and a 200-day moving average 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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