Midnight Sun Mining (CVE:MMA) Trading Up 51.3% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA) rose 51.3% during mid-day trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares traded hands during trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Price Performance

The business’s fifty day simple moving average is C$0.44 and its 200 day simple moving average is C$0.41. The firm has a market capitalization of C$97.69 million, a price-to-earnings ratio of -59.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91.

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.