Midnight Sun Mining (CVE:MMA) Shares Down 3.8% - Time to Sell?

Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) traded down 3.8% on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. 55,350 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 269,186 shares. The stock had previously closed at C$0.52.

Midnight Sun Mining Stock Performance

The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69. The firm has a market cap of C$99.33 million, a P/E ratio of -38.81 and a beta of 0.93. The business has a fifty day simple moving average of C$0.61 and a 200-day simple moving average of C$0.56.

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.