Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were down 13.1% on Friday . 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 Stock Performance
The firm has a 50-day moving average of C$1.01 and a two-hundred day moving average of C$0.73. 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 company has a market capitalization of C$232.77 million, a PE ratio of -43.00 and a beta of -0.08.
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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