Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s stock price rose 31% during trading on Saturday . The stock traded as high as C$2.00 and last traded at C$1.90. Approximately 1,229,908 shares were traded during 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 Price Performance
The company has a market capitalization of C$342.85 million, a P/E ratio of -63.33 and a beta of -0.08. The firm’s fifty day moving average is C$0.91 and its 200 day moving average is C$0.70. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.91 and a current ratio of 45.60.
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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