Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were up 2.2% during mid-day trading on Tuesday . The stock traded as high as C$0.47 and last traded at C$0.46. Approximately 134,500 shares changed hands during trading, a decline of 26% from the average daily volume of 181,362 shares. The stock had previously closed at C$0.45.
Midnight Sun Mining Price Performance
The company has a market cap of C$76.16 million, a PE ratio of -46.00 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The stock has a 50-day simple moving average of C$0.40 and a 200 day simple moving average of C$0.40.
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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