Midnight Sun Mining (CVE:MMA) Trading 51.3% Higher – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA) traded up 51.3% on Saturday . The company traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares changed hands during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Stock Up 51.3 %

The firm has a fifty day simple moving average of C$0.44 and a 200-day simple moving average of C$0.41. The company has a market capitalization of C$97.69 million, a PE ratio of -59.00 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.

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.