Shares of Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) were 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 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 stock has a fifty day moving average of C$0.91 and a two-hundred day moving average of C$0.70. The stock has a market capitalization of C$342.85 million, a price-to-earnings ratio of -63.33 and a beta of -0.08. The company has a current ratio of 45.60, a quick ratio of 3.91 and a debt-to-equity ratio of 1.69.
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.
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