Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were down 6.1% during trading on Tuesday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 409,285 shares changed hands during mid-day trading, an increase of 124% from the average daily volume of 182,898 shares. The stock had previously closed at C$0.49.
Midnight Sun Mining Trading Up 4.3 %
The firm has a market capitalization of C$79.47 million, a P/E ratio of -46.00 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is C$0.37 and its two-hundred day moving average is C$0.38.
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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