Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded up 16.9% during trading on Thursday . The company traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares were traded during mid-day trading, an increase of 246% from the average session volume of 350,151 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Price Performance
The stock’s 50-day simple moving average is C$1.27 and its 200 day simple moving average is C$0.85. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69. The company has a market cap of C$294.38 million, a price-to-earnings ratio of -48.33 and a beta of 1.71.
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.
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