Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) rose 3.8% during trading on Friday . The company traded as high as C$0.55 and last traded at C$0.55. Approximately 82,762 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 262,903 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Trading Up 3.8%
The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60. The firm has a market cap of C$95.84 million, a PE ratio of -37.44 and a beta of 0.93. The stock’s 50 day simple moving average is C$0.59 and its 200 day simple moving average is C$0.62.
Insider Buying and Selling
In related news, Director Allan John Fabbro purchased 175,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of C$0.60 per share, with a total value of C$105,000.00. 5.98% of the stock is currently owned by corporate insiders.
Midnight Sun Mining Company Profile
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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