Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded up 22.6% on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 798,724 shares traded hands during trading, an increase of 292% from the average session volume of 203,655 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Up 20.8 %
The firm’s fifty day moving average is C$0.52 and its two-hundred day moving average is C$0.45. The firm has a market cap of C$105.96 million, a price-to-earnings ratio of -64.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91.
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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