Insider Buying: Midnight Sun Mining (CVE:MMA) Insider Purchases 127,103 Shares of Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards purchased 127,103 shares of the stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of C$0.87 per share, with a total value of C$110,579.61. Following the transaction, the insider directly owned 5,374,147 shares of the company’s stock, valued at approximately C$4,675,507.89. The trade was a 2.42% increase in their position.

Brett Allan Richards also recently made the following trade(s):

• On Friday, June 12th, Brett Allan Richards acquired 25,500 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.84 per share, for a total transaction of C$21,420.00.

Midnight Sun Mining Stock Performance

CVE MMA traded down C$0.01 on Monday, hitting C$0.83. The stock had a trading volume of 386,888 shares, compared to its average volume of 567,109. Midnight Sun Mining Corp. has a one year low of C$0.50 and a one year high of C$2.00. The company has a quick ratio of 3.91, a current ratio of 13.58 and a debt-to-equity ratio of 0.58. The stock has a market cap of C$178.94 million, a price-to-earnings ratio of -6.38 and a beta of 2.29. The company’s 50-day moving average is C$1.11 and its two-hundred day moving average is C$1.26.

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.