Shares of Midnight Sun Mining Corp. (
CVE:MMA -
Get Free Report) traded down 5.8% on Tuesday . The company traded as low as C$1.13 and last traded at C$1.13. 207,227 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 442,781 shares. The stock had previously closed at C$1.20.
Midnight Sun Mining Trading Down 5.8%
The stock has a market capitalization of C$243.61 million, a P/E ratio of -14.13 and a beta of 2.16. The stock has a 50-day moving average price of C$1.25 and a two-hundred day moving average price of C$1.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.91 and a current ratio of 60.96.
Midnight Sun Mining Company Profile
(
Get Free Report)
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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