Midnight Sun Mining Corp. (CVE:MMA – Get Free Report)’s share price was up 16.9% during trading on Thursday . The stock traded as high as C$1.46 and last traded at C$1.45. Approximately 1,212,448 shares traded hands during trading, an increase of 247% from the average daily volume of 349,507 shares. The stock had previously closed at C$1.24.
Midnight Sun Mining Stock Performance
The firm has a 50 day moving average price of C$1.27 and a 200 day moving average price of 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 stock has a market cap of C$294.38 million, a PE 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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