Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price shot up 22.6% during mid-day trading on Thursday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares traded hands during trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Price Performance
The stock’s 50 day simple moving average is C$0.53 and its 200-day simple moving average is C$0.46. The firm has a market cap of C$112.59 million, a price-to-earnings ratio of -68.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.
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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