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Midnight Sun Mining (CVE:MMA) Shares Down 15.7% - Time to Sell?

Midnight Sun Mining logo with Basic Materials background

Key Points

  • Midnight Sun Mining Corp.'s shares fell by 15.7% in mid-day trading, with the stock price dropping to C$1.45 from a previous close of C$1.85.
  • The trading volume increased significantly to 1,897,543 shares, representing a 542% rise compared to the average daily volume.
  • The company's market capitalization stands at C$281.49 million and it primarily focuses on exploring mineral properties in Africa, including copper and gold deposits.
  • Five stocks to consider instead of Midnight Sun Mining.

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) shares fell 15.7% during mid-day trading on Thursday . The company traded as low as C$1.45 and last traded at C$1.56. 1,897,543 shares changed hands during mid-day trading, an increase of 542% from the average session volume of 295,360 shares. The stock had previously closed at C$1.85.

Midnight Sun Mining Price Performance

The company has a market capitalization of C$281.49 million, a P/E ratio of -52.00 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. The firm's 50-day moving average is C$0.98 and its 200-day moving average is C$0.72.

About Midnight Sun Mining

(Get Free Report)

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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