Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were up 22.6% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares were traded during mid-day trading, an increase of 524% from the average daily volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Stock Up 22.6 %
The firm has a 50 day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.45. The company has a market capitalization of C$107.62 million, a PE ratio of -65.00 and a beta of 0.93. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.
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.
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