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

Midnight Sun Mining Corp. (CVE:MMA)’s stock price traded up 51.3% during trading on Friday . The company traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares changed hands during mid-day 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 Performance

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 market capitalization of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93. The stock’s 50-day simple moving average is C$0.44 and its 200 day simple moving average is 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.