Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares rose 31% on Saturday . The company 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 stock has a market cap 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 current ratio of 45.60 and a quick ratio of 3.91. The stock’s 50 day simple moving average is C$0.91 and its two-hundred day simple moving average is C$0.70.
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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