Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were up 10.4% during trading on Tuesday . The company traded as high as C$0.77 and last traded at C$0.74. Approximately 187,924 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 286,673 shares. The stock had previously closed at C$0.67.
Midnight Sun Mining Price Performance
The company has a fifty day moving average price of C$0.53 and a two-hundred day moving average price of C$0.46. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The company has a market cap of C$122.52 million, a price-to-earnings ratio of -74.00 and a beta of 0.93.
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.
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