Midnight Sun Mining (CVE:MMA) Stock Price Down 15.1% - What's Next?

Key Points

• Midnight Sun Mining Corp. saw its share price decrease by 15.1%, closing at C$1.57, after trading as low as C$1.45.
• The trading volume significantly increased to approximately 1,169,118 shares, more than three times the average daily volume.
• The company's market capitalization stands at C$276.08 million, with a quick ratio of 3.91 and a debt-to-equity ratio of 1.69.

Midnight Sun Mining Corp. (CVE:MMA - )'s share price was down 15.1% on Wednesday . The stock traded as low as C$1.45 and last traded at C$1.57. Approximately 1,169,118 shares changed hands during mid-day trading, an increase of 302% from the average daily volume of 290,660 shares. The stock had previously closed at C$1.85.

Midnight Sun Mining Price 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 company has a market cap of C$276.08 million, a price-to-earnings ratio of -51.00 and a beta of -0.08. The company has a fifty day simple moving average of C$0.96 and a two-hundred day simple moving average of C$0.72.

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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