Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) rose 20.8% during mid-day trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. Approximately 1,228,824 shares were traded during trading, an increase of 442% from the average daily volume of 226,765 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock 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’s fifty day simple moving average is C$0.52 and its 200 day simple moving average is C$0.45. The company has a market cap of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93.
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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