Midnight Sun Mining (CVE:MMA) Trading 3.1% Higher

Midnight Sun Mining Corp. (CVE:MMA) shares rose 3.1% during trading on Thursday . The stock traded as high as C$0.34 and last traded at C$0.34. Approximately 75,501 shares were traded during trading, a decline of 54% from the average daily volume of 165,054 shares. The stock had previously closed at C$0.33.

Midnight Sun Mining Stock Performance

The firm has a fifty day moving average price of C$0.25 and a 200 day moving average price of C$0.26. The company has a debt-to-equity ratio of 4.08, a quick ratio of 3.91 and a current ratio of 0.25. The stock has a market cap of C$44.24 million, a PE ratio of -32.50 and a beta of 0.75.

Insider Buying and Selling

In other Midnight Sun Mining news, Director Allan John Fabbro sold 485,000 shares of Midnight Sun Mining stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$0.22, for a total transaction of C$106,991.00. 9.28% of the stock is currently owned by company insiders.

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, 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.