Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price shot up 16.9% during mid-day trading on Thursday . The stock traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares traded hands during mid-day trading, an increase of 247% from the average session volume of 349,507 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Stock Up 16.9%
The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. The company’s fifty day moving average is C$1.27 and its 200-day moving average is C$0.85. The company has a market capitalization of C$294.38 million, a PE 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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