Midnight Sun Mining (CVE:MMA) Stock Price Down 3.8% - Should You Sell?

Midnight Sun Mining Corp. (CVE:MMA - Get Free Report)'s stock price was down 3.8% during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 55,350 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 269,186 shares. The stock had previously closed at C$0.52.

Midnight Sun Mining Stock Down 5.0 %

The business has a 50 day simple moving average of C$0.61 and a 200-day simple moving average of C$0.56. 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 has a market capitalization of C$99.33 million, a price-to-earnings ratio of -38.81 and a beta of 0.93.

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.