Midnight Sun Mining (CVE:MMA) Shares Up 31% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA) shares rose 31% during mid-day trading on Saturday . The stock traded as high as C$2.00 and last traded at C$1.90. Approximately 1,229,908 shares traded hands during mid-day trading, an increase of 335% from the average daily volume of 282,781 shares. The stock had previously closed at C$1.45.

Midnight Sun Mining Stock Up 31.0%

The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69. The company has a market capitalization of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The firm’s 50 day simple moving average is C$0.91 and its 200-day simple moving average is C$0.70.

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.