Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded up 20.8% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. 752,113 shares changed hands during mid-day trading, an increase of 275% from the average session volume of 200,401 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Performance
The company has a 50-day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.45. 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 firm has a market cap of C$104.31 million, a PE ratio of -63.00 and a beta of 0.93.
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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