Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price traded down 6.2% during mid-day trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. 109,601 shares were traded during mid-day 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 company has a market capitalization of C$27.27 million, a price-to-earnings ratio of -11.50 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 3.91 and a debt-to-equity ratio of 0.38. The company’s 50 day simple moving average is C$0.25 and its 200-day simple moving average is C$0.25.
Insider Activity at Midnight Sun Mining
In other news, Director Allan John Fabbro bought 850,000 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of C$0.23 per share, with a total value of C$195,585.00. 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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