Shares of Midnight Sun Mining Corp. (CVE:MMA - Get Free Report) dropped 6.2% during trading on Tuesday . The company traded as low as C$0.59 and last traded at C$0.61. Approximately 269,026 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 279,512 shares. The stock had previously closed at C$0.65.
Midnight Sun Mining Stock Down 8.8 %
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$90.61 million, a PE ratio of -35.40 and a beta of 0.93. The company has a fifty day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.54.
About Midnight Sun Mining
(
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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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