Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Purchases 57,300 Shares of Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 57,300 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average price of C$0.58 per share, with a total value of C$33,234.00. Following the transaction, the insider directly owned 5,431,447 shares in the company, valued at C$3,150,239.26. This represents a 1.07% increase in their ownership of the stock.

Brett Allan Richards also recently made the following trade(s):

• On Tuesday, July 7th, Brett Allan Richards purchased 192,000 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.58 per share, for a total transaction of C$111,360.00.
• On Wednesday, July 8th, Brett Allan Richards purchased 135,300 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.57 per share, for a total transaction of C$77,121.00.
• On Friday, June 12th, Brett Allan Richards acquired 25,500 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards acquired 127,103 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Stock Performance

CVE:MMA opened at C$0.57 on Thursday. The stock has a market capitalization of C$122.89 million, a P/E ratio of -4.38 and a beta of 2.42. The company has a current ratio of 13.58, a quick ratio of 3.91 and a debt-to-equity ratio of 0.58. Midnight Sun Mining Corp. has a 1 year low of C$0.53 and a 1 year high of C$2.00. The firm has a 50 day moving average of C$0.90 and a 200-day moving average of C$1.18.

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.