Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price shot up 51.3% during mid-day trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares were traded during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.
Midnight Sun Mining Trading Up 51.3 %
The firm’s fifty day simple moving average is C$0.44 and its 200-day simple moving average is C$0.41. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The stock has a market cap of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93.
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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