Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were up 51.3% during mid-day trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares traded hands during 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 Price Performance
The company’s 50-day simple moving average is C$0.44 and its 200-day simple moving average is C$0.41. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91. The stock has a market capitalization of C$97.69 million, a price-to-earnings 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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