Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price dropped 5.1% during mid-day trading on Thursday . The stock traded as low as C$0.93 and last traded at C$0.93. Approximately 187,150 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 579,435 shares. The stock had previously closed at C$0.98.
Midnight Sun Mining Stock Performance
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 company’s 50 day moving average is C$1.19 and its 200-day moving average is C$1.30. The company has a market capitalization of C$202.65 million, a P/E ratio of -11.75 and a beta of 2.33.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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