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Midnight Sun Mining shares dropped 13.1% on Friday amid a surge in trading volume.
Midnight Sun Mining (CVE:MMA) shares fell 13.1% on Friday, closing at C$1.29 amid a 703% surge in trading volume to 2,474,373 shares.
The company, which explores for copper, cobalt, nickel, and gold in Africa and holds a 60% stake in Zambia’s Solwezi licenses, has a market cap of C$232.77 million.
It reported a negative P/E ratio of -43.00, a debt-to-equity ratio of 1.69, and a current ratio of 45.60, indicating strong short-term liquidity.
The stock’s 50-day and 200-day moving averages are C$1.01 and C$0.73, respectively, with a beta of -0.08 suggesting low volatility.
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Las acciones de Midnight Sun Mining cayeron un 13,1% el viernes en medio de un aumento en el volumen de negociación.