Midnight Sun Mining (CVE:MMA) Stock Price Up 38.5% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA)’s share price rose 38.5% on Friday . The stock traded as high as C$0.55 and last traded at C$0.54. Approximately 1,275,903 shares were traded during trading, an increase of 584% from the average daily volume of 186,615 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Stock Up 51.3 %

The company has a market cap of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93. The stock has a 50-day simple moving average of C$0.44 and a 200-day simple moving average of C$0.41. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.

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.