Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares 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 Price Performance
The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The business has a fifty day simple moving average of C$1.01 and a 200 day simple moving average of C$0.73. The stock has a market capitalization 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.
Recommended Stories
- Five stocks we like better than Midnight Sun Mining
- Best Stocks Under $10.00
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- Are Penny Stocks a Good Fit for Your Portfolio?
- Starbucks Stock Slumps; This Competitor Shows Strength
- 3 Fintech Stocks With Good 2021 Prospects
- The Trade Desk: 2 Signs of a Comeback, 1 Risk Ahead
Receive News & Ratings for Midnight Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midnight Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.
