Midnight Sun Mining (CVE:MMA) Trading Down 13.1% - Here's What Happened

Key Points

• Midnight Sun Mining Corp. shares fell by 13.1% to trade at C$1.29, significantly increasing trading volume by 703% from the average daily volume.
• The company holds a market capitalization of C$232.77 million with a debt-to-equity ratio of 1.69, indicating a potentially leveraged financial position.
• Midnight Sun Mining focuses on exploration of mineral properties in Africa, primarily targeting deposits of copper, cobalt, nickel, and gold.

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

Midnight Sun Mining Stock Down 13.1%

The firm has a market cap of C$232.77 million, a PE ratio of -43.00 and a beta of -0.08. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. The firm's 50-day moving average price is C$1.01 and its two-hundred day moving average price is C$0.73.

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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