Midnight Sun Mining (CVE:MMA) Trading Up 16.9% – Here’s What Happened

Midnight Sun Mining Corp. (CVE:MMA)’s share price traded up 16.9% on Friday . The stock traded as high as C$1.46 and last traded at C$1.45. 1,212,448 shares changed hands during 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 Stock Performance

The firm has a 50 day moving average of C$1.28 and a 200-day moving average of C$0.85. The company has a market cap of C$294.38 million, a P/E ratio of -48.33 and a beta of 1.71. The company has a quick ratio of 3.91, a current ratio of 45.60 and a debt-to-equity ratio of 1.69.

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.