Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price was up 22.6% on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares were traded during mid-day trading, an increase of 524% from the average daily volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The stock has a market cap of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93. The stock has a 50-day moving average price of C$0.52 and a two-hundred day moving average price of C$0.45.
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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