Midnight Sun Mining (CVE:MMA) Shares Up 51.3% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s stock price was up 51.3% during trading on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares were traded during mid-day trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Trading Up 51.3 %

The firm has a 50 day moving average of C$0.44 and a 200 day moving average of C$0.41. The firm has a market cap of C$97.69 million, a PE ratio of -59.00 and a beta of 0.93. The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57.

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.