Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price shot up 16.9% on Thursday . The stock traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares were traded during trading, an increase of 246% from the average session volume of 350,151 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Stock Performance
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 company has a market cap of C$290.32 million, a PE ratio of -47.67 and a beta of 1.71. The firm’s 50-day simple moving average is C$1.29 and its two-hundred day simple moving average is C$0.86.
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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