Midnight Sun Mining (CVE:MMA) Trading 22.6% Higher – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA) traded up 22.6% during trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 1,138,824 shares were traded during trading, an increase of 412% from the average session volume of 222,240 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Performance

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 stock has a 50-day moving average of C$0.52 and a 200 day moving average of C$0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.

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.