Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) dropped 1.4% during trading on Wednesday . The stock traded as low as C$1.40 and last traded at C$1.40. Approximately 226,872 shares were traded during trading, a decline of 55% from the average daily volume of 506,592 shares. The stock had previously closed at C$1.42.
Midnight Sun Mining Trading Down 23.2%
The firm has a market capitalization of C$234.99 million, a price-to-earnings ratio of -13.63 and a beta of 2.33. The firm’s 50 day moving average is C$1.25 and its 200 day moving average is C$1.32. The company has a quick ratio of 3.91, a current ratio of 60.96 and a debt-to-equity ratio of 0.56.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
Recommended Stories
- Five stocks we like better than Midnight Sun Mining
- Qualcomm Stock Doubles: New Era? Or Another False Start?
- 3 Industrial Stocks That Just Crushed Earnings
- A Quantum Shift: Why Speculative Money Is Ditching AI
- Reading the Stripes: Is The Industrial Recession Over?
Receive News & Ratings for Midnight Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midnight Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.
