Midnight Sun Mining (CVE:MMA) Stock Price Down 13.1% – Should You Sell?

Midnight Sun Mining Corp. (CVE:MMA) shares traded down 13.1% during trading on Friday . The stock traded as low as C$1.26 and last traded at C$1.29. 2,474,373 shares changed hands during mid-day trading, an increase of 703% from the average session volume of 308,332 shares. The stock had previously closed at C$1.49.

Midnight Sun Mining Stock Performance

The firm’s fifty day simple moving average is C$1.01 and its 200 day simple moving average is C$0.73. The company has a market capitalization of C$232.77 million, a price-to-earnings ratio of -43.00 and a beta of -0.08. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 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.