Midnight Sun Mining (CVE:MMA) Shares Up 20.8% – What’s Next?

Shares of Midnight Sun Mining Corp. (CVE:MMA) shot up 20.8% on Wednesday . The company traded as high as C$0.67 and last traded at C$0.64. 752,113 shares traded hands during mid-day trading, an increase of 275% from the average session volume of 200,401 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Up 18.9 %

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 stock has a 50 day simple moving average of C$0.52 and a 200 day simple moving average of C$0.45. The stock has a market cap of C$104.31 million, a price-to-earnings ratio of -63.00 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.