Midnight Sun Mining (CVE:MMA) Shares Up 22.6% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA)’s stock price shot up 22.6% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares were traded during trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Trading Up 22.6 %

The company has a quick ratio of 3.91, a current ratio of 38.15 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of C$107.62 million, a P/E ratio of -65.00 and a beta of 0.93. The firm’s 50-day simple moving average is C$0.52 and its 200 day simple moving average is C$0.45.

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.