Midnight Sun Mining (CVE:MMA) Trading Down 5.3% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMAGet Free Report) was down 5.3% on Tuesday . The stock traded as low as C$0.36 and last traded at C$0.36. Approximately 65,991 shares were traded during trading, a decline of 63% from the average daily volume of 176,761 shares. The stock had previously closed at C$0.38.

Midnight Sun Mining Stock Down 5.3 %

The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The company has a fifty day moving average of C$0.37 and a two-hundred day moving average of C$0.36. The company has a market cap of C$59.61 million, a PE ratio of -36.00 and a beta of 0.93.

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, 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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