Midnight Sun Mining (CVE:MMA) Shares Up 18.9% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA) traded up 18.9% during trading on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.63. 1,350,824 shares traded hands during mid-day trading, an increase of 492% from the average session volume of 228,315 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Price Performance

The firm has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.45. The firm has a market cap of C$112.59 million, a price-to-earnings ratio of -68.00 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.