Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 16.9% during mid-day trading on Thursday . The company traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares changed hands 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 Price Performance
The firm has a market cap of C$290.32 million, a PE ratio of -47.67 and a beta of 1.71. 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 50 day moving average price of C$1.29 and a 200 day moving average price of 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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