Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shot up 51.3% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares were traded during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.
Midnight Sun Mining Stock Up 51.3 %
The business’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 current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of C$97.69 million, a PE 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.
Further Reading
- Five stocks we like better than Midnight Sun Mining
- Low PE Growth Stocks: Unlocking Investment Opportunities
- XPO Stock Gains Momentum as U.S. Trade Outlook Evolves
- What Are Treasury Bonds?
- CarMax Gets in Gear: Is Now the Time to Buy?
- What Are Dividend Challengers?
- Qubit Combat: 2 Stocks Battle for Quantum Supremacy
Receive News & Ratings for Midnight Sun Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midnight Sun Mining and related companies with MarketBeat.com's FREE daily email newsletter.
