Midnight Sun Mining (CVE:MMA) Stock Price Down 15.7% - Here's Why

Key Points

• Midnight Sun Mining Corp. saw a significant stock price decline of 15.7%, trading as low as C$1.45 before closing at C$1.56.
• The stock experienced a trading volume increase of 542% compared to its average, with 1,897,543 shares changing hands during the day.
• The company's market capitalization is C$281.49 million, and it has a quick ratio of 3.91 and a debt-to-equity ratio of 1.69.

Midnight Sun Mining Corp. (CVE:MMA - ) shares fell 15.7% on Wednesday . The stock 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 Trading Down 15.7%

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 capitalization of C$281.49 million, a P/E ratio of -52.00 and a beta of -0.08. The firm's 50 day simple moving average is C$0.96 and its two-hundred day simple moving average is C$0.72.

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.

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