Midnight Sun Mining (CVE:MMA) Shares Down 14.1% - What's Next?

Key Points

• Midnight Sun Mining Corp.'s stock price fell by 14.1% on Wednesday, trading as low as C$1.45 before closing at C$1.59.
• The company has a market capitalization of C$279.69 million and operates primarily in the exploration of mineral properties in Africa, focusing on copper, cobalt, nickel, and gold.
• Midnight Sun Mining recently reported a debt-to-equity ratio of 1.69 and its 50-day moving average price stands at C$0.96.

Midnight Sun Mining Corp. (CVE:MMA - )'s stock price traded down 14.1% on Wednesday . The company traded as low as C$1.45 and last traded at C$1.59. 841,322 shares traded hands during trading, an increase of 191% from the average session volume of 288,856 shares. The stock had previously closed at C$1.85.

Midnight Sun Mining Stock Down 16.2%

The firm's 50-day moving average price is C$0.96 and its 200-day moving average price is C$0.72. The company has a market cap of C$279.69 million, a price-to-earnings ratio of -51.67 and a beta of -0.08. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.

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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