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

Midnight Sun Mining Corp. (CVE:MMAGet Free Report) rose 22.6% during mid-day trading on Thursday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares were traded during 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 quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of C$107.62 million, a PE ratio of -65.00 and a beta of 0.93. The business has a 50-day moving average price of C$0.52 and a 200-day moving average price of C$0.45.

About Midnight Sun Mining

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Midnight Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midnight Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.