Midnight Sun Mining (CVE:MMA) Trading Down 4%

Midnight Sun Mining Corp. (CVE:MMAGet Rating) traded down 4% during trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.24. 46,000 shares were traded during mid-day trading, an increase of 1% from the average session volume of 45,559 shares. The stock had previously closed at C$0.25.

Midnight Sun Mining Price Performance

The firm has a fifty day moving average of C$0.26 and a 200 day moving average of C$0.24. The company has a market capitalization of C$31.19 million, a P/E ratio of -9.00 and a beta of 0.90. The company has a current ratio of 0.40, a quick ratio of 3.91 and a debt-to-equity ratio of 0.57.

About Midnight Sun Mining

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Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, and gold deposits. It has 60% interest in the Solwezi licenses covering an area of approximately 506 square kilometers in the Zambian Copperbelt located in northwest of Lusaka, Zambia.

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