Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares traded up 22.6% during trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares were traded during mid-day trading, an increase of 536% from the average session volume of 235,842 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Performance
The stock has a market capitalization of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93. The company’s fifty day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.
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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