Midnight Sun Mining (CVE:MMA) Trading Down 1.4% - Should You Sell?

Key Points

• Midnight Sun Mining Corp. (CVE:MMA) shares fell by 1.4% during trading, with the stock last priced at C$1.45.
• The company has a debt-to-equity ratio of 1.69 and a market cap of C$261.65 million.
• Midnight Sun Mining primarily explores for minerals such as copper, cobalt, nickel, and gold in Africa, holding a 60% interest in the Solwezi licenses in Zambia.

Midnight Sun Mining Corp. (CVE:MMA - )'s stock price traded down 1.4% during trading on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.45. 303,455 shares changed hands during trading, an increase of 10% from the average session volume of 276,245 shares. The stock had previously closed at C$1.47.

Midnight Sun Mining Stock Down 1.4%

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 business has a fifty day simple moving average of C$0.84 and a 200 day simple moving average of C$0.68. The firm has a market cap of C$261.65 million, a price-to-earnings ratio of -48.33 and a beta of -0.08.

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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