Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 22.6% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares were traded during trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The stock has a market cap of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93. The company has a 50 day simple moving average of C$0.52 and a 200-day simple moving average of C$0.45.
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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