Midnight Sun Mining (CVE:MMA) Shares Up 22.6% – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA) shares rose 22.6% during mid-day trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares changed hands during mid-day trading, an increase of 524% from the average daily volume of 240,287 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 22.6 %

The company has a market cap of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93. The firm’s 50 day moving average price is C$0.52 and its two-hundred day moving average price is C$0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.

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.