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

Shares of Midnight Sun Mining Corp. (CVE:MMA) were up 51.3% during trading on Friday . The company traded as high as C$0.59 and last traded at C$0.59. Approximately 1,480,653 shares were traded during mid-day trading, an increase of 688% from the average daily volume of 187,992 shares. The stock had previously closed at C$0.39.

Midnight Sun Mining Price Performance

The stock has a market capitalization of C$97.69 million, a P/E ratio of -59.00 and a beta of 0.93. The business’s 50 day moving average price is C$0.44 and its 200 day moving average price is C$0.41. The company has a debt-to-equity ratio of 1.57, a current ratio of 38.15 and a quick ratio of 3.91.

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.