Midnight Sun Mining (CVE:MMA) Stock Price Up 51.3% – Here’s Why

Midnight Sun Mining Corp. (CVE:MMA)’s share price traded up 51.3% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.59. 1,480,653 shares changed hands during trading, an increase of 688% from the average session volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Trading Up 51.3 %

The stock’s fifty day moving average price is C$0.44 and its 200 day moving average price is C$0.41. The stock has a market cap of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.

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.