Midnight Sun Mining (CVE:MMA) Trading 22.6% Higher – What’s Next?

Midnight Sun Mining Corp. (CVE:MMA) was up 22.6% on Thursday . The company traded as high as C$0.67 and last traded at C$0.65. Approximately 1,499,264 shares changed hands during 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 Price Performance

The stock has a market capitalization of C$112.59 million, a price-to-earnings ratio of -68.00 and a beta of 0.93. The business has a 50-day moving average of C$0.53 and a 200-day moving average of C$0.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15.

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.