Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$0.80 and last traded at C$0.77, with a volume of 285854 shares. The stock had previously closed at C$0.73.
Midnight Sun Mining Price Performance
The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The stock’s 50-day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.46. The company has a market capitalization of C$129.14 million, a price-to-earnings ratio of -78.00 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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