Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) rose 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 changed hands during 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 Stock Performance
The firm’s fifty day moving average price is C$0.44 and its 200 day moving average price is C$0.41. The firm has a market cap of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.
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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