Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price was up 16.9% on Friday . The company traded as high as C$1.46 and last traded at C$1.45. Approximately 1,212,448 shares changed hands during trading, an increase of 246% from the average daily volume of 350,151 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Trading Up 16.9%
The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The business’s 50-day moving average is C$1.28 and its two-hundred day moving average is C$0.85. The firm has a market cap of C$294.38 million, a P/E ratio of -48.33 and a beta of 1.71.
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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