Midnight Sun Mining (CVE:MMA) Shares Down 13.1% – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA) traded down 13.1% during mid-day trading on Friday . The stock traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares traded hands during mid-day trading, an increase of 703% from the average session volume of 308,332 shares. The stock had previously closed at C$1.49.

Midnight Sun Mining Stock Performance

The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69. The company has a market cap of C$232.77 million, a P/E ratio of -43.00 and a beta of -0.08. The company’s 50-day moving average is C$1.01 and its two-hundred day moving average is C$0.73.

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.