Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were down 1.4% during mid-day trading on Wednesday . The company traded as low as C$1.40 and last traded at C$1.40. Approximately 226,872 shares changed hands during trading, a decline of 55% from the average daily volume of 506,592 shares. The stock had previously closed at C$1.42.
Midnight Sun Mining Price Performance
The stock’s fifty day moving average price is C$1.25 and its 200-day moving average price is C$1.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 60.96 and a quick ratio of 3.91. The firm has a market cap of C$234.99 million, a price-to-earnings ratio of -13.63 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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