Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price shot up 20.8% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.64. 752,113 shares were traded during mid-day trading, an increase of 275% from the average session volume of 200,401 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock 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 company has a market capitalization of C$114.24 million, a PE ratio of -69.00 and a beta of 0.93. The stock’s fifty day simple moving average is C$0.52 and its 200-day simple moving average is C$0.45.
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.
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