Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 20.8% during mid-day trading on Wednesday . The company 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 Trading Up 1.5 %
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’s 50 day moving average price is C$0.52 and its 200-day moving average price is C$0.45. The stock has a market capitalization of C$114.24 million, a PE ratio of -69.00 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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