Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.80 and last traded at C$0.77, with a volume of 285854 shares trading hands. The stock had previously closed at C$0.73.
Midnight Sun Mining Price Performance
The firm’s fifty day moving average price is C$0.54 and its 200 day moving average price is C$0.46. The firm has a market capitalization of C$129.14 million, a PE ratio of -78.00 and a beta of 0.93. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.
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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