Midnight Sun Mining (CVE:MMA) Stock Price Down 13.1% – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA)’s stock price traded down 13.1% during trading on Saturday . The company 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 Stock Performance

The business’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 quick ratio of 3.91 and a current ratio of 45.60. The stock has a market cap of C$232.77 million, a P/E ratio of -43.00 and a beta of 1.49.

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.