Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) dropped 13.1% during mid-day 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 Stock Performance
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 PE ratio of -43.00 and a beta of 1.49. The firm has a fifty day moving average price of C$1.01 and a 200 day moving average price of C$0.73.
Midnight Sun Mining Company Profile
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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