Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) reached a new 52-week low on Wednesday. The company traded as low as C$0.44 and last traded at C$0.43, with a volume of 487,725 shares. The stock had previously closed at C$0.47.
Midnight Sun Mining Price Performance
The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.91 and a current ratio of 11.09. The stock’s 50-day moving average is C$0.62 and its 200 day moving average is C$0.82. The stock has a market capitalization of C$97.91 million, a PE ratio of -3.00 and a beta of 3.09.
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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