Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 15.3% during trading on Thursday . The company traded as high as C$1.45 and last traded at C$1.43. 896,497 shares were traded during mid-day trading, an increase of 158% from the average session volume of 347,789 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Trading Down 1.4%
The firm has a market capitalization of C$290.32 million, a price-to-earnings ratio of -47.67 and a beta of 1.71. The firm’s 50 day moving average is C$1.29 and its 200 day moving average is C$0.86. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.
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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