Midnight Sun Mining (CVE:MMA) Shares Up 6.4% – What’s Next?

Shares of Midnight Sun Mining Corp. (CVE:MMA) rose 6.4% on Friday . The company traded as high as C$0.42 and last traded at C$0.42. Approximately 614,075 shares traded hands during mid-day trading, an increase of 235% from the average daily volume of 183,116 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Price Performance

The firm has a market capitalization of C$87.75 million, a P/E ratio of -53.00 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. The stock has a 50 day moving average of C$0.43 and a two-hundred day moving average of C$0.41.

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.