Midnight Sun Mining (CVE:MMA) Shares Up 22.6% – Here’s Why

Shares of Midnight Sun Mining Corp. (CVE:MMA) were up 22.6% during mid-day trading on Thursday . 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 quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The company has a market capitalization of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93. The business has a 50 day simple moving average of C$0.52 and a 200-day simple moving average 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.