Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) rose 20.8% during trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.64. Approximately 1,419,364 shares traded hands during mid-day trading, an increase of 502% from the average daily volume of 235,792 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Trading Up 22.6 %
The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The company has a market cap of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93. The company’s fifty day moving average is C$0.52 and its two-hundred day moving average is C$0.45.
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, 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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