Free Trial

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

Midnight Sun Mining logo with Basic Materials background

Key Points

  • Midnight Sun Mining Corp. (CVE:MMA) saw a significant decline of 13.1% in its stock price, trading as low as C$1.26 after closing at C$1.49.
  • The trading volume surged to 2,474,373 shares, marking an increase of 703% from the average daily volume of 308,332 shares.
  • Midnight Sun Mining primarily explores copper, cobalt, nickel, and gold deposits, holding a 60% interest in the Solwezi licenses located in Zambia.
  • Interested in Midnight Sun Mining? Here are five stocks we like better.

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) fell 13.1% during trading on Saturday . The company traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares were traded during mid-day 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 Trading Down 13.1%

The stock's fifty day moving average price is C$1.01 and its 200 day moving average price is C$0.73. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 and a quick ratio of 3.91. The stock has a market capitalization of C$232.77 million, a P/E ratio of -43.00 and a beta of -0.08.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Midnight Sun Mining Right Now?

Before you consider Midnight Sun Mining, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Midnight Sun Mining wasn't on the list.

While Midnight Sun Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.