Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares shot up 22.6% on Thursday . The stock traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares changed hands during trading, an increase of 524% from the average session 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 debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The stock’s fifty day simple moving average is C$0.52 and its 200-day simple moving average is C$0.45. The stock has a market cap of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93.
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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