Midnight Sun Mining (CVE:MMA) Stock Price Down 15.7% - Time to Sell?

Key Points

• Midnight Sun Mining Corp. (CVE:MMA) experienced a significant decline of 15.7% in its stock price, trading between C$1.45 and C$1.56 during mid-day trading on Thursday.
• The company's trading volume surged to 1,897,543 shares, marking an increase of 542% compared to its average session volume of 295,360 shares.
• Midnight Sun Mining specializes in the exploration of mineral properties in Africa, primarily targeting copper, cobalt, nickel, and gold deposits.

Midnight Sun Mining Corp. (CVE:MMA - ) fell 15.7% during mid-day trading on Thursday . The company 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 stock's fifty day simple moving average is C$0.98 and its 200-day simple moving average is C$0.72. The firm has a market cap of C$281.49 million, a PE ratio of -52.00 and a beta of -0.08. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91.

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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