Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares fell 1.4% during trading on Wednesday . The stock traded as low as C$1.40 and last traded at C$1.40. 226,872 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 506,592 shares. The stock had previously closed at C$1.42.
Midnight Sun Mining Price Performance
The firm has a market capitalization of C$222.06 million, a price-to-earnings ratio of -12.88 and a beta of 2.33. The company has a current ratio of 60.96, a quick ratio of 3.91 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of C$1.23 and a two-hundred day moving average price of C$1.32.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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