Midnight Sun Mining (CVE:MMA) Trading 31% Higher – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s share price traded 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 traded 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 firm has a 50-day moving average of C$0.91 and a 200 day moving average of C$0.70. The stock 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 current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69.

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.