Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) was up 31% on Friday . The company traded as high as C$2.00 and last traded at C$1.90. Approximately 1,229,908 shares were traded during mid-day trading, an increase of 335% from the average daily volume of 282,781 shares. The stock had previously closed at C$1.45.
Midnight Sun Mining Price Performance
The firm has a market capitalization of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The stock has a 50 day moving average price of C$0.91 and a two-hundred day moving average price of C$0.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 45.60 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.
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