Midnight Sun Mining (CVE:MMA) Trading Up 20.8% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMAGet Free Report)’s share price was up 20.8% on Wednesday . The stock traded as high as C$0.67 and last traded at C$0.64. Approximately 1,228,824 shares changed hands during trading, an increase of 442% from the average daily volume of 226,765 shares. The stock had previously closed at C$0.53.

Midnight Sun Mining Stock Performance

The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.91 and a current ratio of 38.15. The firm’s 50-day moving average price is C$0.52 and its two-hundred day moving average price is C$0.45. The firm has a market capitalization of C$112.59 million, a price-to-earnings ratio of -68.00 and a beta of 0.93.

About Midnight Sun Mining

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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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