Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares rose 51.3% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares were traded during mid-day trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.
Midnight Sun Mining Stock Performance
The company’s fifty day moving average is C$0.44 and its 200 day moving average is C$0.41. 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 company has a market capitalization of C$97.69 million, a P/E ratio of -59.00 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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