Brett Allan Richards Buys 192,000 Shares of Midnight Sun Mining (CVE:MMA) Stock

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards acquired 192,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of C$0.58 per share, with a total value of C$111,360.00. Following the completion of the acquisition, the insider directly owned 5,623,447 shares of the company’s stock, valued at C$3,261,599.26. The trade was a 3.53% increase in their ownership of the stock.

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

• On Monday, July 6th, Brett Allan Richards acquired 57,300 shares of Midnight Sun Mining stock. The shares were bought at an average price of C$0.58 per share, for a total transaction of C$33,234.00.
• On Wednesday, July 8th, Brett Allan Richards bought 135,300 shares of Midnight Sun Mining stock. The stock was bought at an average price of C$0.57 per share, for a total transaction of C$77,121.00.
• On Friday, June 12th, Brett Allan Richards bought 25,500 shares of Midnight Sun Mining stock. The stock was bought at an average price of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards bought 127,103 shares of Midnight Sun Mining stock. The shares were bought at an average price of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Stock Up 4.4%

Midnight Sun Mining stock opened at C$0.59 on Friday. The stock has a market cap of C$128.27 million, a PE ratio of -4.58 and a beta of 2.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.91 and a current ratio of 13.58. Midnight Sun Mining Corp. has a one year low of C$0.53 and a one year high of C$2.00. The stock has a fifty day moving average of C$0.89 and a 200 day moving average of C$1.18.

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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.