Midnight Sun Mining (CVE:MMA) Stock Price Down 5.3% - Time to Sell?

Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) were down 5.3% during mid-day trading on Tuesday . The stock traded as low as C$0.36 and last traded at C$0.36. Approximately 65,991 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 176,761 shares. The stock had previously closed at C$0.38.

Midnight Sun Mining Stock Down 5.3 %

The company has a market capitalization of C$59.61 million, a PE ratio of -36.00 and a beta of 0.93. The business has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.36. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 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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