Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares rose 22.6% on Thursday . The company traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares changed hands 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 Stock Performance
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 capitalization of C$112.59 million, a P/E ratio of -68.00 and a beta of 0.93. The firm’s 50-day simple moving average is C$0.53 and its 200-day simple moving average is C$0.46.
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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