Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Buys 135,300 Shares

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 135,300 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average cost of C$0.57 per share, with a total value of C$77,121.00. Following the completion of the acquisition, the insider owned 5,758,747 shares of the company’s stock, valued at C$3,282,485.79. This represents a 2.41% increase in their position.

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

• On Monday, July 6th, Brett Allan Richards purchased 57,300 shares of Midnight Sun Mining stock. The shares were bought at an average price of C$0.58 per share, with a total value of C$33,234.00.
• On Tuesday, July 7th, Brett Allan Richards purchased 192,000 shares of Midnight Sun Mining stock. The stock was purchased at an average price of C$0.58 per share, for a total transaction of C$111,360.00.
• On Friday, June 12th, Brett Allan Richards acquired 25,500 shares of Midnight Sun Mining stock. The stock was purchased at an average cost of C$0.84 per share, with a total value of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards acquired 127,103 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Price Performance

MMA traded down C$0.02 during trading on Wednesday, reaching C$0.57. 435,709 shares of the stock were exchanged, compared to its average volume of 556,355. The company has a debt-to-equity ratio of 0.58, a current ratio of 13.58 and a quick ratio of 3.91. The company has a market capitalization of C$122.89 million, a price-to-earnings ratio of -4.38 and a beta of 2.42. Midnight Sun Mining Corp. has a 1 year low of C$0.53 and a 1 year high of C$2.00. The business’s 50 day moving average price is C$0.90 and its two-hundred day moving average price is 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.