Midnight Sun Mining Corp. (CVE:MMA – Get 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
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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