Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares shot up 31% during trading on Saturday . The stock traded as high as C$2.00 and last traded at C$1.90. 1,229,908 shares changed hands during trading, an increase of 335% from the average session volume of 282,781 shares. The stock had previously closed at C$1.45.
Midnight Sun Mining Stock Up 31.0%
The business has a 50-day simple moving average of C$0.91 and a two-hundred day simple moving average of C$0.70. 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 company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.
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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