Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Purchases 135,300 Shares

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 135,300 shares of the stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average price of C$0.57 per share, for a total transaction of C$77,121.00. Following the completion of the transaction, the insider owned 5,758,747 shares of the company’s stock, valued at approximately C$3,282,485.79. The trade was a 2.41% increase in their position.

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

• On Monday, July 6th, Brett Allan Richards purchased 57,300 shares of Midnight Sun Mining stock. The stock was acquired at an average price of C$0.58 per share, with a total value of C$33,234.00.
• On Tuesday, July 7th, Brett Allan Richards purchased 192,000 shares of Midnight Sun Mining stock. The stock was acquired at an average price of C$0.58 per share, with a total value of C$111,360.00.
• On Friday, June 12th, Brett Allan Richards purchased 25,500 shares of Midnight Sun Mining stock. The shares were acquired at an average price of C$0.84 per share, with a total value of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards purchased 127,103 shares of Midnight Sun Mining stock. The shares were bought at an average cost of C$0.87 per share, for a total transaction of C$110,579.61.

Midnight Sun Mining Stock Performance

Shares of MMA stock traded down C$0.02 during midday trading on Wednesday, hitting C$0.57. The company had a trading volume of 435,709 shares, compared to its average volume of 556,355. The stock has a market cap of C$122.89 million, a price-to-earnings ratio of -4.38 and a beta of 2.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 13.58 and a quick ratio of 3.91. The company’s 50 day simple moving average is C$0.90 and its 200 day simple moving average is C$1.18. Midnight Sun Mining Corp. has a 52-week low of C$0.53 and a 52-week high of C$2.00.

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.