Midnight Sun Mining (CVE:MMA) Trading Up 16.9% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s share price was up 16.9% during trading on Thursday . The company traded as high as C$1.46 and last traded at C$1.45. Approximately 1,212,448 shares changed hands during mid-day trading, an increase of 246% from the average daily volume of 350,151 shares. The stock had previously closed at C$1.24.

Midnight Sun Mining Stock Down 1.4%

The stock has a market cap of C$290.32 million, a price-to-earnings ratio of -47.67 and a beta of 1.71. The stock has a 50 day simple moving average of C$1.29 and a 200 day simple moving average of C$0.86. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.

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.