Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares hit a new 52-week low during trading on Thursday. The company traded as low as C$0.37 and last traded at C$0.37, with a volume of 1,230,488 shares trading hands. The stock had previously closed at C$0.41.
Midnight Sun Mining Trading Up 4.1%
The firm has a market cap of C$83.77 million, a P/E ratio of -2.57 and a beta of 3.09. The company’s 50 day moving average is C$0.58 and its two-hundred day moving average is C$0.78. The company has a debt-to-equity ratio of 0.67, a current ratio of 11.09 and a quick ratio of 3.91.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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