Midnight Sun Mining Corp. (
CVE:MMA -
Get Free Report)'s stock price dropped 17.3% during trading on Wednesday . The company traded as low as C$1.45 and last traded at C$1.53. Approximately 1,762,333 shares traded hands during mid-day trading, an increase of 499% from the average daily volume of 294,434 shares. The stock had previously closed at C$1.85.
Midnight Sun Mining Stock Performance
The company has a market cap of C$281.49 million, a PE ratio of -52.00 and a beta of -0.08. The business's 50-day moving average is C$0.96 and its 200 day moving average is C$0.72. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.
About Midnight Sun Mining
(
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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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