Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) shares shot up 22.6% during mid-day trading on Thursday . The company traded as high as C$0.67 and last traded at C$0.65. 1,499,264 shares traded hands during mid-day trading, an increase of 524% from the average session volume of 240,287 shares. The stock had previously closed at C$0.53.
Midnight Sun Mining Trading Up 22.6 %
The firm has a market cap of C$107.62 million, a price-to-earnings ratio of -65.00 and a beta of 0.93. The firm’s 50-day moving average is C$0.52 and its 200-day moving average is C$0.45. The company has a current ratio of 38.15, a quick ratio of 3.91 and a debt-to-equity ratio of 1.57.
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.
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