Midnight Sun Mining Corp. (CVE:MMA – Get Free Report) traded down 1.7% during trading on Tuesday . The company traded as low as C$0.56 and last traded at C$0.59. 748,412 shares were traded during mid-day trading, an increase of 34% from the average session volume of 557,290 shares. The stock had previously closed at C$0.60.
Midnight Sun Mining Stock Up 4.4%
The company has a quick ratio of 3.91, a current ratio of 13.58 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is C$0.90 and its 200-day simple moving average is C$1.18. The company has a market cap of C$128.27 million, a PE ratio of -4.58 and a beta of 2.42.
Insider Buying and Selling
In related news, insider Brett Allan Richards purchased 135,300 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of C$0.57 per share, with a total value of C$77,121.00. Following the completion of the transaction, the insider owned 5,758,747 shares of the company’s stock, valued at approximately C$3,282,485.79. This represents a 2.41% increase in their position. In the last 90 days, insiders acquired 537,203 shares of company stock worth $353,715. 5.98% of the stock is currently owned by corporate insiders.
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. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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