Midnight Sun Mining (CVE:MMA) Stock Price Down 13.1% - What's Next?

Key Points

• Midnight Sun Mining Corp. (CVE:MMA) stock has seen a significant drop of 13.1%, trading down to C$1.29 from a previous close of C$1.49.
• Trading volume increased dramatically to 2,474,373 shares, marking a 703% rise compared to the average session volume.
• The company, which focuses on mineral exploration in Africa, particularly for copper, cobalt, nickel, and gold, holds a 60% interest in the Solwezi licenses in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - )'s stock price dropped 13.1% during trading on Saturday . The company traded as low as C$1.26 and last traded at C$1.29. Approximately 2,474,373 shares changed hands during trading, an increase of 703% from the average daily volume of 308,332 shares. The stock had previously closed at C$1.49.

Midnight Sun Mining Trading Down 13.1%

The stock's fifty day moving average price is C$1.01 and its 200 day moving average price is C$0.73. 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 stock has a market cap of C$232.77 million, a PE ratio of -43.00 and a beta of -0.08.

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.

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