Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price rose 20.8% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.64. Approximately 752,113 shares changed hands during mid-day trading, an increase of 275% from the average daily volume of 200,401 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Performance
The firm has a market cap of C$114.24 million, a P/E ratio of -69.00 and a beta of 0.93. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The business’s fifty day simple moving average is C$0.52 and its 200-day simple moving average is C$0.45.
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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