Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) fell 6.2% during mid-day trading on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. 109,601 shares changed hands during trading, an increase of 49% from the average session volume of 73,607 shares. The stock had previously closed at C$0.24.
Midnight Sun Mining Price Performance
The stock has a 50-day simple moving average of C$0.25 and a 200 day simple moving average of C$0.25. The company has a market cap of C$27.27 million, a PE ratio of -11.50 and a beta of 0.70. The company has a quick ratio of 3.91, a current ratio of 0.60 and a debt-to-equity ratio of 0.38.
Insider Buying and Selling
In other Midnight Sun Mining news, Director Allan John Fabbro sold 485,000 shares of Midnight Sun Mining stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$0.22, for a total transaction of C$106,991.00. Corporate insiders own 9.34% of the company’s stock.
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, 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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