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

Midnight Sun Mining Corp. (CVE:MMA) shares were up 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 changed 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 Trading Up 31.0%

The firm has a market capitalization of C$342.85 million, a P/E ratio of -63.33 and a beta of -0.08. The business’s 50 day moving average is C$0.91 and its two-hundred day moving average is C$0.70. The company has a quick ratio of 3.91, a current ratio of 45.60 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.